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Deals: Result Details
Deal ID 878383 Announcement date 03/01/2018
Completion date 28/12/2017
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross border, Pri
Target: SIA knowledgeprice.com
Bidder: Sapiens International Corporation TS
Sapiens International Corporation N.V., the listed Israel-based provider of software solutions for the insurance industry, has acquired SIA knowledgeprice.
based developer and designer of existing and new interfaces and apps for insurance distribution, for an undisclosed consideration.
Through the acquisition, Sapiens aims to expand its resources and knowledge base. The company will benet from knowledgeprice’s expertise and long-ter
the insurance technology sector. The transaction will enable Sapiens’ customers to have access to knowledgeprice’s technologies, methodologies and pract
digital insurance. Post acquisition, knowledgeprice’s experts will join Sapiens’ Digital Division. The transaction is not expected to be signicant to Sapiens’ r
Knowledgeprice has a workforce of approximately 50 employees.
Source Links:
Sapiens International Corporation N.V. 6-K form led with SEC on 03 January 2018
Press Release (Exhibit 99.1)
Sapiens International Corporation N.V. press release, 03 January 2018
SIA knowledgeprice.com press release, 03 January 2018
Target SIA knowledgeprice.com
Description Latvia-based developer and designer of existing and new interfaces and apps for insurance distribution
Sectors Computer software
Financial Services
Subsectors Application software products
Software development
Address Gunara Astras iela 1C
Riga
Latvia
Postcode 1084
Telephone +371 67361381
Email info@knowledgeprice.com
Bidder Sapiens International Corporation TS
Description Israel-based provider of software solutions for the insurance industry
Sectors Computer software
Financial Services
Subsectors Application software products
Software development
Address Azrieli Center
26 Harokmim street
Holon
Tel Aviv
Israel
Postcode 588-5800
Telephone +972 3 790 2000
Fax +972 3 790 2942
Email israel@sapiens.com
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. Sapiens International Corporation N.V. 6-K form led with SEC on 03 January 2018
[Click here]
Total
Financials
Deal Financials Value
EUR (m)
Source
Deal Financials Value Source
Implied Equity Value - Not available. Sapiens International Corporation N.V. 6-K form led with SEC on 03 January 2018
[Click here]
Net Debt - Not available
Enterprise Value - Not available. Sapiens International Corporation N.V. 6-K form led with SEC on 03 January 2018
[Click here]
Deal Value - Not disclosed. Sapiens International Corporation N.V. 6-K form led with SEC on 03 January 2018
[Click here]
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Reported
Target Financials
EUR (m)
Year 1 Source
Revenue -
EBITDA -
EBIT -
Earnings -
Earnings Per Share -
Exit Multiples Year 1
Revenue -
EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: SIA knowledgeprice.com
Role Company Credit% Individuals Level
Financial Advisor Alpha Advisors UAB
P
100 Martynas Visockas
P
Level1
P
100 Lauryna Genyte
P
Level3
Lawyer TGS Baltic
P
100 Inese Hazenfusa
P
Level1 (L
P
100 Rudolfs Vilsons
P
Level2 C
Advisors to Bidder: Sapiens International Corporation
Role Company Credit% Individuals Level
Lawyer Meitar Liquornik Geva Leshem Tal
P
100
Chief Executive Ofcer Sapiens International Corporation
P
100 Roni Al-Dor
P
Level1
Chief Financial Ofcer Sapiens International Corporation
P
100 Roni Giladi
P
Level1
Chairman Sapiens International Corporation
P
100 Andre M. Boisvert
P
Level1
Deal ID 874752 Announcement date 21/12/2017
Completion date 21/12/2017
Deal Value EUR 9 m
Deal nature Recommended
Deal types Acquisition, Cross border, IBO, Priv
Target: Anaerobic Holding, SIA (75% Stake)
Bidder: BaltCap
Seller: Nils Aleksa (Private Investor)
BaltCap Infrastructure Fund, an Estonia-based fund of BaltCap, an Estonia-based private equity and venture capital rm, has acquired a 75% stake in Anae
a Latvia-based company that owns and operates biogas plants, from Nils Aleksa, a Latvia-based private investor, for a consideration of EUR 9.45m.
As part of the transaction, Mr. Aleksa will become a joint venture partner with BaltCap's fund. The transaction will allow BaltCap to provide double-digit re
funds which have invested into the fund. It will also allow Mr. Aleksa to nance future developments in renewable energy eld. Anaerobic Holding has thre
namely Agro Iecava, RZS Energo and AD Biogazes Stacija,with a total installed capacity of 4.9MW. It also includes two biogas raw material supply compan
and Aizkalnu Tehnika.
Source Links:
BaltCap press release, 21 December 2017
Superia Corporate Finance press release, 22 December 2017
Target Anaerobic Holding, SIA
Description Latvia-based company that owns and operates biogas plants
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Sectors Energy
Subsectors Electrical power generation
Alternative energy
Address Iecavas novads, "Sudrabezeri"
Iecava
Latvia
Postcode 3913
Bidder BaltCap
Description Estonia-based private equity and venture capital rm that seeks to make control investments typically in Baltic-based small and mid
with enterprise values of between EUR 5m and EUR 40m, but it is also able to provide capital for larger transactions with co-investor
stage and expansion nancing as well, between EUR 0.3m and EUR 3m. BaltCap usually holds the companies in its portfolio for 3 to 5
across a diverse range of sectors, preferring partnership with management teams and add-on acquisitions. BaltCap manages ve fun
fund, BaltCap Growth Fund, which has a target size of EUR 50m, held nal close in June 2017 at EUR 40m. In July 2017 the company
BaltCap Infrastructure Fund with EUR 100m under management. The rm was founded in 1995, and manages more than EUR 260m
inception. It invested totally in approximately 70 companies. BaltCap is based in Tallinn, but it has two additional ofces in Riga and V
Related Companies BaltCap Infrastructure Fund
Sectors Financial Services
Subsectors Venture Capital/Private Equity
Address Tartu mnt. 2
Tallinn
Estonia
Postcode 10145
Telephone +372 665 0280
Fax +372 665 0281
Email info@baltcap.com
Seller Nils Aleksa (Private Investor)
Description Latvia-based private investor having interest in companies that owns and operates biogas plants
Sectors Energy
Subsectors Alternative energy
Address Latvia
Consideration Structure
Type Value
EUR (m)
Source
Cash 9 BaltCap press release, 21 December 2017
[Click here]
Total 9
Sources of funding
Role Company Individuals Value
EUR
(m)
Stake (%) Source / Notes
Private Equity House BaltCap Matiss Paegle
Sarunas Stepukonis
n/a 75 Amount contributed not disclosed. BaltCap press release, 21 Decemb
Total Funded by Equity n/a
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - EUR 12.6m. BaltCap press release, 21 December 2017
[Click here]
Net Debt - Not available
Enterprise Value - Not available. BaltCap press release, 21 December 2017
[Click here]
Deal Value 9.45 BaltCap press release, 21 December 2017
[Click here]
Reported
Target Financials
EUR (m)
Year Ending
31/12/2016
Source
Revenue -
EBITDA -
EBIT -
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Earnings -
Earnings Per Share -
Exit Multiples Year Ending
31/12/2016
Revenue -
EBITDA -
EBIT -
Earnings -
Sector Analysis Year Ending
31/12/2016
Source
Total Production (boe/day)
Cost per boe/day of Production -
Total Reserves (mmboe)
Cost per boe of Total Reserves -
Total 1P Reserves (mmboe)
Cost per boe of Total 1P Reserves -
Total 2P Reserves (mmboe)
Cost per boe of Total 2P Reserves -
Total Electricity Output (GWh)
Cost per MWh of Electricity Output -
Total Generation Capacity (MW) 5 BaltCap press release, 21 December 2017
[Click here]
Cost per KW of capacity -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Anaerobic Holding, SIA
Role Company Credit% Individuals Le
Advisors to Bidder: BaltCap
Role Company Credit% Individuals Le
Financial Advisor Internal
P
100
Lawyer Eversheds Sutherland
P
100
Private Equity House BaltCap P PEP 100 Matiss Paegle
P
Le
P PEP 100 Sarunas Stepukonis
P
Le
Advisors to Seller: Nils Aleksa (Private Investor)
Role Company Credit% Individuals Le
Financial Advisor Superia Corporate Finance
P
100
Lawyer SORAINEN
P
100 Lauma Berzina
P
Le
Deal ID 866189 Announcement date 17/11/2017
Completion date Pending
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross border, Private, Transatla
Target: Stream Networks SIA
Bidder: Bite Latvija SIA
Seller: ER INVEST, SIA
Edgars Ricevs (Private investor)
Bite Latvija SIA, a Latvia-based company that provides mobile communication services, and a portfolio company of Providence Equity Partners L.L.C., the U
equity rm, has agreed to acquire Stream Networks SIA, a Latvia-based company that provides xed and mobile data transmission services and internet ac
clients in Latvia and the Russian Federation, from ER INVEST, SIA, a Latvia-based investment holding company; and Edgars Ricevs, a Latvia-based private in
undisclosed consideration.
The transaction includes Stream Networks’ subsidiary, SIA LATNET serviss, a Lativa-based IT and telecommunications company. The acquisition will enabl
integrate mobile telecommunications services with modern ICT solutions, such as ber-optic Internet, IP telephony, video surveillance, cloud services and
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business services. Upon completion, the teams currently working for Stream Networks and LATNET Serviss will continue working for the combined compa
both companies, Edgars Ricevs, will also stay in his ofce. The transaction is subject to approval by the Latvian Competition Council.
Stream Networks and LATNET Serviss reported consolidated revenues of EUR 5.5m for 2016, and have a combined workforce of 48 employees.
Source Links:
Bite Latvija SIA press release, 17 November 2017 (Latvian)
Bite Latvija SIA press release, 17 November 2017 (Russian)
Target Stream Networks SIA
Description Latvia-based company that provides xed and mobile data transmission services and internet access to corporate clients in Latvia an
Federation
Related Companies SIA LATNET serviss
Sectors Computer services
Telecommunications: Carriers
Subsectors Data processing
Fixed line telecoms
Hardware maintenance
IT consulting
Mobile/satellite telecoms carriers
Address Cesu street 31 k-1
Riga
Latvia
Postcode 1012
Telephone +371 67788120
Fax +371 67788129
Email info@streamnetworks.lv
Bidder Bite Latvija SIA
Description Latvia-based company that provides mobile communication services
Related Companies Providence Equity Partners L.L.C., UAB Bite Lietuva
Sectors Telecommunications: Carriers
Subsectors Mobile/satellite telecoms carriers
Address Uriekstes iela 2a
Riga
Latvia
Postcode 1005
Telephone +371 25850600
Email info@bite.lv
Seller ER INVEST, SIA
Description Latvia-based investment holding company having interest in companies that provide xed and mobile data transmission services and
Sectors Internet / ecommerce
Telecommunications: Carriers
Subsectors ISPs
Mobile/satellite telecoms carriers
Address Vasku iela 2
Riga
Latvia
Postcode 1006
Seller Edgars Ricevs (Private investor)
Description Latvia-based private individual having interest in companies that provide xed and mobile data transmission services and internet ac
Sectors Internet / ecommerce
Telecommunications: Carriers
Subsectors ISPs
Mobile/satellite telecoms carriers
Address Latvia
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. Bite Latvija SIA press release, 17 November 2017 (Latvian)
[Click here]
Total
Financials
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Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Bite Latvija SIA press release, 17 November 2017 (Latvian)
[Click here]
Net Debt - Not available
Enterprise Value - Not available. Bite Latvija SIA press release, 17 November 2017 (Latvian)
[Click here]
Deal Value - Not disclosed. Bite Latvija SIA press release, 17 November 2017 (Latvian)
[Click here]
Reported
Target Financials
EUR (m)
Year Ending
31/12/2016
Source
Revenue 5.5 Bite Latvija SIA press release, 17 November 2017 (Latvian)
[Click here]
EBITDA -
EBIT -
Earnings -
Earnings Per Share - Not applicable
Exit Multiples Year Ending
31/12/2016
Revenue -
EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Stream Networks SIA
Role Company Credit% Individuals L
Chief Executive Ofcer Stream Networks SIA
P
100 Edgars Ricevs
P
L
Advisors to Bidder: Bite Latvija SIA
Role Company Credit% Individuals L
Lawyer SORAINEN
P
100 Eva Berlaus
P
L
P
100 Janis Bite
P
L
Chief Executive Ofcer Bite Latvija SIA
P
100 Frederick William Hrenchuk
P
L
Chairman Bite Latvija SIA
P
100 Frederick William Hrenchuk
P
L
Advisors to Seller: ER INVEST, SIA
Role Company Credit% Individuals L
Advisors to Seller: Edgars Ricevs (Private investor)
Role Company Credit% Individuals L
Deal ID 856044 Announcement date 28/09/2017
Completion date 28/09/2017
Deal Value EUR 6 m
Deal nature Recommended
Deal types Acquisition, Cross border, Exit, Private, Trans
Target: Stenders SIA
Bidder: CICC Ehealthcare Investment Fund
Seller: BaltCap
CICC Ehealthcare Investment Fund, the China-based fund managed by China International Capital Corporation Limited, has agreed to acquire Stenders SI
company engaged in manufacture and sale of showering, bathing, and body care products, from BaltCap, the Estonia-based private equity and venture cap
other private investors, for a consideration of EUR 5.5m (USD 6.47m).
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Post transaction, BaltCap will exit from the target. The transaction has been completed.
Target Stenders SIA
Description Latvia-based company engaged in manufacture and sale of showering, bathing, and body care products
Sectors Consumer: Other
Subsectors Personal care
Address 63 Mukusalas street
Riga
Latvia
Postcode 1004
Telephone +371 67 217 212
Fax +371 67 217 233
Bidder CICC Ehealthcare Investment Fund
Description Cayman Islands-based fund having interest in companies engaged in manufacture and sale of showering, bathing, and body care prod
Related Companies China International Capital Corporation Limited
Sectors Consumer: Other
Subsectors Personal care
Address Cayman Islands
Seller BaltCap
Description Estonia-based private equity and venture capital rm that seeks to make control investments typically in Baltic-based small and mid
with enterprise values of between EUR 5m and EUR 40m, but it is also able to provide capital for larger transactions with co-investor
stage and expansion nancing as well, between EUR 0.3m and EUR 3m. BaltCap usually holds the companies in its portfolio for 3 to 5
across a diverse range of sectors, preferring partnership with management teams and add-on acquisitions. BaltCap manages ve fun
fund, BaltCap Growth Fund, which has a target size of EUR 50m, held nal close in June 2017 at EUR 40m. In July 2017 the company
BaltCap Infrastructure Fund with EUR 100m under management. The rm was founded in 1995, and manages more than EUR 260m
inception. It invested totally in approximately 70 companies. BaltCap is based in Tallinn, but it has two additional ofces in Riga and V
Related Companies BaltCap Latvia Venture Capital Fund K.S.
Sectors Financial Services
Subsectors Venture Capital/Private Equity
Address Tartu mnt. 2
Tallinn
Estonia
Postcode 10145
Telephone +372 665 0280
Fax +372 665 0281
Email info@baltcap.com
Consideration Structure
Type Value
EUR (m)
Source
Cash 6 Advisor brief
Total 6
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - EUR 5.5m. Advisor brief
Net Debt - Not available
Enterprise Value - Not available. Advisor brief
Deal Value 5.5 Advisor brief
Reported
Target Financials
EUR (m)
Year 1 Source
Revenue -
EBITDA -
EBIT -
Earnings -
Earnings Per Share -
Exit Multiples Year 1
Revenue -
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EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Stenders SIA
Role Company Credit% Individuals
Advisors to Bidder: CICC Ehealthcare Investment Fund
Role Company Credit% Individuals
Financial Advisor China International Capital Corporation Limited
P
100
Advisors to Seller: BaltCap
Role Company Credit% Individuals
Financial Advisor Global M&A Partners
P
100 Karlis Krastins
Private Equity House BaltCap P PEP 100 Martins Jaunarajs
P PEP 100 Astra Neimane
Deal ID 853408 Announcement date 22/09/2017
Completion date 22/09/2017
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross border, Priv
Target: Bank M2M Europe AS (56.09% Stake)
Bidder: Signet Capital Management Limited
SIA Hansalink
SIA Fin.lv
Seller: Andrey Vdovin (Private investor)
Signet Capital Management Limited, the UK-based employee owned investment rm, SIA Hansalink, the Latvia-based recruitment agency, and SIA Fin.lv, t
investment holding company, have acquireda 56.09% stake in Bank M2M Europe AS, the Latvia-based provider of private banking services, from Mr. Andr
family, the Latvia-based private investors, for an undisclosed consideration.
The transaction sees Signet Capital acquiring 25% stake, while SIA Hansalink and SIA Fin.lv owning 22.3% and 8.79% stakes in Bank M2M, respectively. Th
Bank M2M to continue with its strategy to offer improved wealth management solutions and to serve high net worth clients effectively with the help of ass
and private banking expertise of new owners.
The transaction has been approved by The European Central Bank (ECB) and the Financial and Capital Markets Commission (FCMC). Mr. Vdovin had acqu
M2M from Mr. Andrei Molchanov in 2013.
Source Links:
Bank M2M Europe AS press release, 22 September 2017
Bank M2M Europe AS annual report
Balance sheet
Income statement
Target Bank M2M Europe AS
Description Latvia-based provider of private banking services
Sectors Financial Services
Subsectors Banking
Address 3 Antonijas street
Riga
Latvia
Postcode 1010
Telephone +371 67 080 000
Fax +371 67 080 001
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Email info@bankm2m.com
Bidder Signet Capital Management Limited
Description UK-based employee owned investment manager
Sectors Financial Services
Subsectors Fund management
Address 1 Primrose Street
London
Greater London
United Kingdom
Postcode EC2A 2EX
Telephone +44 203 608 8855
Email info@signetmanagement.com
Bidder SIA Hansalink
Description Latvia-based recruitment agency
Sectors Services (other)
Subsectors Business support services
Address Latvia
Bidder SIA Fin.lv
Description Latvia-based investment holding company having interest in the companies engaged in providing banking services
Sectors Financial Services
Subsectors Banking
Address Latvia
Seller Andrey Vdovin (Private investor)
Description Russia-based private investor and co-owner of VMHY, a holding company
Sectors Financial Services
Subsectors Banking
Fund management
Investment banking
Principal nance
Address Russia
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. Bank M2M Europe AS press release, 22 September 2017
[Click here]
Total
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Bank M2M Europe AS press release, 22 September 2017
[Click here]
Net Debt - Not applicable
Enterprise Value - Not available. Bank M2M Europe AS press release, 22 September 2017
[Click here]
Deal Value - Not disclosed. Bank M2M Europe AS press release, 22 September 2017
[Click here]
Reported
Target Financials
EUR (m)
Year Ending
31/12/2016
Source Year Ending
31/12/2015
Source
Revenue - Not applicable - Not applicable
EBITDA - Not applicable - Not applicable
EBIT - Not applicable - Not applicable
Earnings .34 Bank M2M Europe AS annual report
[Click here]
2.15 Bank M2M Europe AS annua
[Click here]
Earnings Per Share - Not applicable - Not applicable
Book Value 18.30 Bank M2M Europe AS annual report
[Click here]
14.03 Bank M2M Europe AS annua
[Click here]
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Exit Multiples Year Ending
31/12/2016
Year Ending
31/12/2015
Revenue - -
EBITDA - -
EBIT - -
Earnings - -
Book Value - -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Bank M2M Europe AS
Role Company Credit% Individuals
Chief Executive Ofcer Bank M2M Europe AS
P
100 Robert Idelson
Chairman Bank M2M Europe AS
P
100 Robert Idelson
Advisors to Bidder: Signet Capital Management Limited
Role Company Credit% Individuals
Advisors to Bidder: SIA Hansalink
Role Company Credit% Individuals
Lawyer COBALT
P
22.3
Advisors to Bidder: SIA Fin.lv
Role Company Credit% Individuals
Advisors to Seller: Andrey Vdovin (Private investor)
Role Company Credit% Individuals
Deal ID 844247 Announcement date 14/08/2017
Completion date 19/10/2017
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross border, Private
Target: AS Oriola
SIA Oriola Riga
UAB Oriola Vilnius
Oriola Estonia OU
SIA Panpharmacy
Bidder: Management Vehicle
Seller: Oriola Corporation TS
The management of AS Oriola, Oriola Estonia Ou, SIA Oriola Riga, SIA Panpharmacy, and UAB Oriola Vilnius, the Baltic region-based retailers and wholesa
pharmaceutical products, has agreed to acquire the companies, from Oriola Corporatation, a listed Finland-based medical company engaged in pharmaceu
and dental trade, for an undisclosed consideration.
This transaction is in line with Oriola’s aim to focus on developing its business in Finland and Sweden. The transaction is expected to complete by the end o
in 2017. The Baltic businesses generated revenues of EUR 54m in 2016 with adjusted EBIT of EUR 1.2m and has an employee base of 160 people. AS Oriol
Estonia Ou are located in Estonia, SIA Oriola Riga and SIA Panpharmacy, in Latvia and UAB Oriola Vilnius in Lithuania.
UPDATE 19 October 2017: Oriola Corporation hascompleted the sale of AS Oriola, Oriola Estonia Ou, SIA Oriola Riga, SIA Panpharmacy, and UAB Oriola
Source Link:
Oriola Corporation press release, 14 August 2017
Oriola Corporation press release, 19 October 2017
Target AS Oriola
Description Estonia-based provider of logistics, wholesale and pharmacy services
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Sectors Services (other)
Transportation
Subsectors Distributors
Importers and wholesalers
Address Tammsaare tee 47
Tallinn
Estonia
Postcode 11316
Telephone +372 6 515 100
Fax +372 6 515 111
Email est@oriola.com
Target SIA Oriola Riga
Description Latvia-based pharmaceutical retailer and wholesaler
Sectors Medical
Services (other)
Subsectors Distributors
Importers and wholesalers
Medical equipment & services
Address Dzelzavas iela 120M
Riga
Latvia
Postcode 1021
Telephone +371 6780 2450
Fax +371 6780 2460
Email riga@oriola.com
Target UAB Oriola Vilnius
Description Lithuania-based pharmaceutical retailer and wholesaler
Sectors Medical
Services (other)
Subsectors Distributors
Importers and wholesalers
Medical equipment & services
Address Laisves pr.75
Vilnius
Lithuania
Postcode 06144
Telephone +370 5 2688401
Fax +370 5 2688400
Email vilnius@oriola.com
Target Oriola Estonia OU
Description Estonia-based provider of drug logistics and healthcare equipment and supplies services
Sectors Medical
Services (other)
Subsectors Distributors
Medical equipment & services
Address Estonia
Target SIA Panpharmacy
Description Latvia-based pharmaceutical retailer and wholesaler
Sectors Services (other)
Subsectors Distributors
Importers and wholesalers
Address Dzelzavas iela 120M
Vidzemes priekspilseta
Riga
Latvia
Postcode 1021
Bidder Management Vehicle
Description Management team for buyout deals
Sectors All Subsectors All
Address United Kingdom
Seller Oriola Corporation TS
Description Finland-based medical company engaged in pharmaceutical, healthcare and dental trade
Sectors Medical
Services (other)
Subsectors Consulting services (excl. IT consulting)
Distributors
Medical equipment & services
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Address Orionintie 5
Espoo
Southern Finland
Finland
Postcode 02101
Telephone +358 10 429 99
Fax +358 10 429 4300
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. Oriola Corporation press release, 14 August 2017
[Click here]
Total
Sources of funding
Role Company Individuals Value
EUR
(m)
Stake (%) Source / Notes
Management Management Vehicle Pekka Ruokanen n/a n/d Oriola Corporation press release, 14 August 2017
Total Funded by Equity n/a
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Oriola Corporation press release, 14 August 2017
[Click here]
Net Debt - Not available
Enterprise Value - Not available. Oriola Corporation press release, 14 August 2017
[Click here]
Deal Value - Not disclosed. Oriola Corporation press release, 14 August 2017
[Click here]
Reported
Target Financials
EUR (m)
Year Ending
31/12/2016
Source
Revenue 54 Oriola Corporation press release, 14 August 2017
[Click here]
EBITDA -
EBIT 1 Adjusted. Oriola Corporation press release, 14 August 2017
[Click here]
Earnings -
Earnings Per Share - Not applicable
Exit Multiples Year Ending
31/12/2016
Revenue -
EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
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Advisors
Advisors to Target: AS Oriola
Role Company Credit% Individuals L
Advisors to Target: SIA Oriola Riga
Role Company Credit% Individuals L
Advisors to Target: UAB Oriola Vilnius
Role Company Credit% Individuals L
Advisors to Target: Oriola Estonia OU
Role Company Credit% Individuals L
Advisors to Target: SIA Panpharmacy
Role Company Credit% Individuals L
Advisors to Bidder: Management Vehicle
Role Company Credit% Individuals L
Lawyer COBALT
P
100 Aurelija Balciune
P
L
P
100 Marija Berdova
P
L
P
100 Akvile Bosaite
P
L
P
100 Krisjanis Buss
P
L
P
100 Mantas Juska
P
L
P
100 Lauris Liepa
P
L
P
100 Elina Locmele
P
L
P
100 Edgars Lodzins
P
L
P
100 Christine Magi
P
L
P
100 Inga Tenisa
P
L
P
100 Marina Tolmatshova
P
L
Ellex
P
100 Martin Kaerdi
P
L
P
100 Antti Perli
P
L
Management Management Vehicle
P
100 Pekka Ruokanen
P
L
Advisors to Seller: Oriola Corporation
Role Company Credit% Individuals L
Lawyer SORAINEN
P
100 Sergej Butov
P
L
P
100 Janis Bite
P
L
P
100 Alina Kalvisa
P
L
P
100 Jonas Kiauleikis
P
L
P
100 Hanna Pahk
P
L
P
100 Vytautas Sabalys
P
L
P
100 Haeli Sokk
P
L
P
100 Toms Vilnis
P
L
P
100 Juulika Aavik
P
L
P
100 Artur Drapeko
P
L
P
100 Piret Lappert
P
L
P
100 Toomas Prangli
P
L
P
100 Viktorija Smirnova-Cerkasa
P
L
P
100 Kai Vainola
P
L
Chief Executive Ofcer Oriola Corporation
P
100 Eero Ilmari Hautaniemi
P
L
Chief Financial Ofcer Oriola Corporation
P
100 Sari Aitokallio
P
L
Chairman Oriola Corporation
P
100 Anssi Vanjoki
P
L
Deal ID 841696 Announcement date 02/08/2017
Completion date 01/08/2017
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross border, Divestment, Private
Target: SIA Cramo
Cramo Kaliningrad OOO
Bidder: STORENT, SIA
Seller: Cramo Oyj TS
STORENT, SIA, the Latvia-based company that rents construction and industrial equipment, has acquired SIA Cramo and Cramo Kaliningrad OOO, the Lav
business of machine rental company Cramo Oyj, the listed Finland-based company engaged in providing equipment and machinery rental services, for an u
consideration.
The transaction is in line with Cramo’s new strategy, Shape and Share, aiming towards a leading position in all Cramo markets. The transaction ts STOREN
strategy and will allow it to be a leading player in Latvia.All of the 43 employees of the acquired business will continue to work with the company. The trans
positive impact on Cramo Group’s third quarter result amounting approximately to EUR 1.8m. The acquired businesses comprises of 7 depots in Latvia and
Russia. In 2016, the acquired businesses reported revenues of EUR 6.3m.
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Target SIA Cramo
Description Russia-based company engaged in equipment rental business
Sectors Financial Services
Subsectors Rental and leasing
Address Latvia
Target Cramo Kaliningrad OOO
Description Russia-based company engaged in equipment rental business
Sectors Financial Services
Subsectors Rental and leasing
Address Russia
Bidder STORENT, SIA
Description Latvia-based company that rents construction and industrial equipment
Sectors Financial Services
Subsectors Rental and leasing
Address Kakasekla dambis 31
Riga
Latvia
Postcode LV-1045
Telephone +371 6704 6200
Fax +371 6704 6202
Seller Cramo Oyj TS
Description Finland-based company engaged in providing equipment and machinery rental services
Sectors Financial Services
Industrial products and services
Subsectors Industrial equipment and machinery
Rental and leasing
Address Kalliosolantie 2
Vantaa
Southern Finland
Finland
Postcode 01740
Telephone +358 10 661 10
Fax +358 10 661 1298
Email investor.relations@cramo.com
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. STORENT, SIA press release, 02 August 2017
Total
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. STORENT, SIA press release, 02 August 2017
Net Debt - Not available
Enterprise Value - Not available. STORENT, SIA press release, 02 August 2017
Deal Value - Not disclosed. STORENT, SIA press release, 02 August 2017
Reported
Target Financials
EUR (m)
Year Ending
31/12/2016
Source
Revenue 6 Cramo Oyj press release, 02 August 2017
EBITDA -
EBIT -
Earnings -
Earnings Per Share -
Book Value
Exit Multiples Year Ending
31/12/2016
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Revenue -
EBITDA -
EBIT -
Earnings -
Book Value -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: SIA Cramo
Role Company Credit% Individuals Lev
Advisors to Target: Cramo Kaliningrad OOO
Role Company Credit% Individuals Lev
Advisors to Bidder: STORENT, SIA
Role Company Credit% Individuals Lev
Lawyer COBALT
P
100 Viktorija Alksne
P
Lev
P
100 Krisjanis Buss
P
Lev
P
100 Lauris Liepa
P
Lev
P
100 Ivo Maskalans
P
Lev
P
100 Sandija Novicka
P
Lev
P
100 Toms Sulmanis
P
Lev
P
100 Inga Tenisa
P
Lev
P
100 Diana Zepa
P
Lev
Chairman STORENT, SIA
P
100 Andris Bisnieks
P
Lev
Advisors to Seller: Cramo Oyj
Role Company Credit% Individuals Lev
Financial Advisor HLP Corporate Finance
P
100
Chief Executive Ofcer Cramo Oyj
P
100 Leif Gustafsson
P
Lev
Chief Financial Ofcer Cramo Oyj
P
100 Aku Rumpunen
P
Lev
Chairman Cramo Oyj
P
100 Veli-Matti Reinikkala
P
Lev
Deal ID 840363 Announcement date 26/07/2017
Completion date 26/07/2017
Deal Value EUR 13 m
Deal nature Recommended
Deal types Acquisition, Cross border, Private
Target: PK Ilmarine Hotel
PK Riga Hotel
Bidder: BBH Hotel Group OU
Seller: Pro Kapital Grupp AS TS
BBH Hotel Group OU, an Estonia-based hotel operator, has acquired PK Ilmarine Hotel, an Estonia-based hotel operator and PK Riga Hotel, a Latvia-based
from Pro Kapital Grupp AS,the listed Estonia-based company engaged in real estate development business, for a total consideration of EUR 12.95m.
The purchase cost of EUR 12.95m includes a consideration of EUR 6.87m for PK Ilmarine hotel and EUR 6.07m for PK Riga hotel. The acquisition will enab
concentrate on the development of residential and commercial real-estate and will also use the monetary resources received from the transaction to speed
development of their core business. Post transaction, the revenue of Pro Kapital Group will decrease by EUR 3.1m, while net prot will decrease by EUR 9m
2016 nancial results the nancial liabilities of the group will decrease by EUR 6.1m and cash assets will increase by EUR 6.9m.
PK Ilmarine Hotel has generated a revenue of EUR 1.50m and EUR 1.617m in 2015 and 2016 respectively, whereas PK Riga Hotel has generated a revenue
EUR 1.44m in 2015 and in 2016 respectively.
Target PK Ilmarine Hotel
Description Estonia-based hotel operator
Sectors Leisure Subsectors Accommodation
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Address Pohja puiestee 21b
Tallinn
Estonia
Postcode 10415
Telephone +372 614 0900
Target PK Riga Hotel
Description Latvia-based hotel operator
Sectors Leisure
Subsectors Accommodation
Address Pulkveza Brieza iela 11
Centra rajons
Riga
Latvia
Postcode 1010
Telephone +371 67 631 800
Bidder BBH Hotel Group OU
Description Estonia-based hotel operator
Sectors Leisure
Subsectors Accommodation
Address Paadi tn 5
Harju maakond
Tallinn
Estonia
Postcode 10151
Telephone +372 669 9783
Seller Pro Kapital Grupp AS TS
Description Estonia-based company engaged in real estate development business
Sectors Real Estate
Subsectors Real estate
Address Sojakooli 11
Tallinn
Estonia
Postcode 11316
Telephone +372 6 144 920
Fax +372 6 144 929
Email prokapital@prokapital.ee
Consideration Structure
Type Value
EUR (m)
Source
Cash 13 Pro Kapital Grupp AS stock exchange announcement, 26 July 2017
Total 13
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Pro Kapital Grupp AS stock exchange announcement, 26 July 2017
Net Debt - Not available
Enterprise Value 12.95 Pro Kapital Grupp AS stock exchange announcement, 26 July 2017
Deal Value 12.95 Pro Kapital Grupp AS stock exchange announcement, 26 July 2017
Reported
Target Financials
EUR (m)
Year 1 Source
Revenue -
EBITDA -
EBIT -
Earnings -
Earnings Per Share -
Exit Multiples Year 1
Revenue -
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EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: PK Ilmarine Hotel
Role Company Credit% Individuals Lev
Advisors to Target: PK Riga Hotel
Role Company Credit% Individuals Lev
Advisors to Bidder: BBH Hotel Group OU
Role Company Credit% Individuals Lev
Advisors to Seller: Pro Kapital Grupp AS
Role Company Credit% Individuals Lev
Lawyer Eversheds Sutherland
P
100 Maivi Ots
P
Lev
P
100 Randu Riiberg
P
Lev
Chief Executive Ofcer Pro Kapital Grupp AS
P
100 Paolo Michelozzi
P
Lev
Chief Financial Ofcer Pro Kapital Grupp AS
P
100 Angelika Annus
P
Lev
Chairman Pro Kapital Grupp AS
P
100 Emanuele Bozzone
P
Lev
Deal ID 840144 Announcement date 26/07/2017
Completion date 26/07/2017
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross border, Private
Target: Latvijas Propana Gaze SIA
Bidder: Areti International Group
Seller: Semental Holdings Limited
Areti International Group, the Switzerland-based group of companies involved in the energy sector, has acquired Latvijas Propana Gaze SIA, the Latvia-bas
liquid natural gas and equipment for gas fuel stations, from Semental Holdings Limited, the Latvia-based holding company for gas distribution companies, f
consideration.
Latvijas had reported revenues of approximately EUR 56.50m and a net prot of EUR 0.9m in 2016. The acquisition received Competition Council’s approv
the acquisition, Semental held 75% stake in Latvijas.
Source Link:
Konkurences padome press release, 26 July 2017 (Latvian)
Target Latvijas Propana Gaze SIA
Description Latvia-based company selling liquid natural gas and equipment for gas fuel stations
Sectors Energy
Utilities (other)
Subsectors Exploration and drilling services and equipment
Others utilities
Address Kurzemes prospekts 19
Latvija
Riga
Latvia
Postcode 1067
Telephone +371 67 815 025
Bidder Areti International Group
Description Switzerland-based group of companies involved in the energy sector
Sectors Energy
Subsectors Oil and gas exploration and production
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Address 1, Quai du Mont-Blanc
Geneva
Geneva
Switzerland
Postcode 1201
Telephone +41 22 561 89 89
Fax +41 22 561 89 03
Email ch@aretigroup.com
Seller Semental Holdings Limited
Description Latvia-based holding company for gas distribution companies
Sectors Utilities (other)
Subsectors Integrated utilities
Address Latvia
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not available. Konkurences padome press release, 26 July 2017 (Latvian)
[Click here]
Total
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Konkurences padome press release, 26 July 2017 (Latvian)
[Click here]
Net Debt - Not available
Enterprise Value - Konkurences padome press release, 26 July 2017 (Latvian)
[Click here]
Deal Value - Not available. Konkurences padome press release, 26 July 2017 (Latvian)
[Click here]
Reported
Target Financials
EUR (m)
Year Ending
31/12/2016
Source Year Ending
31/12/2015
Source
Revenue 56.51 Estimated. The Baltic Course, 26 July 2017 53.92 Estimated. Dienas Bizn
EBITDA - -
EBIT - -
Earnings .91 Estimated. The Baltic Course, 26 July 2017 3.58 Estimated. Dienas Bizn
Earnings Per Share - Not applicable - Not applicable
Exit Multiples Year Ending
31/12/2016
Year Ending
31/12/2015
Revenue - -
EBITDA - -
EBIT - -
Earnings - -
Sector Analysis Year Ending
31/12/2016
Source Year Ending
31/12/2015
Source
Total Electricity Output (GWh)
Cost per MWh of Electricity Output - -
Total Generation Capacity (MW)
Cost per KW of capacity - -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
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Date Value EUR % Premia Source
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Latvijas Propana Gaze SIA
Role Company Credit% Individuals Level
Advisors to Bidder: Areti International Group
Role Company Credit% Individuals Level
Advisors to Seller: Semental Holdings Limited
Role Company Credit% Individuals Level
Deal ID 839941 Announcement date 25/07/2017
Completion date 27/09/2017
Deal Value EUR 73 m
Deal nature Recommended
Deal types Acquisition, Cross border, Private, Tran
Target: First Data Corporation (First Data Baltics)
Bidder: Worldline SA TS
Seller: First Data Corporation TS
Worldline SA has agreed to acquire First Data Corporation’s Baltics operations.
Worldline SA is alisted France-based company engaged in providing transactional and electronic payment services, nancial processing and software licen
headquartered in Parisand a subsidiary of Atos SE, alisted France-basedengaged in providing IT services, transactional services, consulting, systems integ
managed services, company headquartered in Paris.
First Data's Baltics operationsare based in Lithuania, Latvia and Estonia, engaged in providing outsourcing services, such as Interbank clearing & switching
management, merchant services, lease and maintenance of payment terminals.
First Data Corporation is alisted US-basedprovider of electronic commerce and payment solutions for merchants, nancial institutions and card issuershe
Atlanta, Georgia.
Terms: Worldline SA has agreed to pay a cash consideration of EUR 73m to First Data Corporation.
Financing: Worldline SA has funded the transaction through available cash resource.
Rationale:
The transaction will accelerate the execution of Pan-European consolidation strategy in Financial Processing services.
The acquisition will provide Worldline an access to fast-developing countries of Latvia, Lithuania and Estonia and also enables to establish new relations
Baltic and Nordic banks.
The combined companies will services for the Baltic banking community, and more widely for the customers of the Nordic region.
Post deal Details:
Worldline will retain all the 200 employees along with the Zanda Brivule, CEO of Baltic countries and her management team.
Worldline expects to accelerate the revenue growth of its nancial processing division from 2018 onwards.
Expected Completion Date:The transaction is expected to close during the third quarter of 2017.
Background:
The acquired First Data Baltics business had reported a turnover of EUR 23m for the year 2016.
The acquisition provides with an EBITDA margin materially above Worldline’s EBITDA.
UPDATE 27 September 2017: Worldline has completed the sale of First Data Baltics.
Source Links:
Worldline SA press release, 25 July 2017
Worldline SA press release, 25 July 2017 (French)
Worldline SA press release, 27September 2017
Target First Data Corporation (First Data Baltics)
Description Lithuania, Latvia and Estonia-based fully owned subsidiaries of First Data Corporation, engaged in providing outsourcing services su
clearing & switching services, ATM management, merchant services, lease and maintenance of payment terminals
Sectors Financial Services
Services (other)
Subsectors Business support services
Securities and commodities brokers
Address Lithuania
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Bidder Worldline SA TS
Description France-based company engaged in providing transactional and electronic payment services, nancial processing and software licens
Related Companies Atos SE
Sectors Internet / ecommerce
Services (other)
Subsectors Business support services
Other services
Trading / procurement systems
Address Immeuble River Ouest 80 quai Voltaire
Bezons
Paris
Ile-de-France
France
Postcode 95870
Telephone +33 (0)1 73 26 00 00
Email infoWL@worldline.com
Seller First Data Corporation TS
Description US-based provider of electronic commerce and payment solutions for merchants, nancial institutions and card issuers
Sectors Internet / ecommerce
Services (other)
Subsectors Business support services
Other services
Trading / procurement systems
Address 5565 Glenridge Connector North East
Suite 2000
Atlanta
USA
Postcode 30342
Telephone +1 404 890 2000
Fax +1 402 916 8180
Email investor@rstdata.com
Consideration Structure
Type Value
EUR (m)
Source
Cash 73 Worldline SA press release, 25 July 2017
[Click here]
Total 73
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Worldline SA press release, 25 July 2017
[Click here]
Net Debt - Not applicable
Enterprise Value 73 Worldline SA press release, 25 July 2017
[Click here]
Deal Value 73 Worldline SA press release, 25 July 2017
[Click here]
Reported
Target Financials
EUR (m)
Year Ending
31/12/2016
Source
Revenue 23 Worldline SA press release, 25 July 2017
[Click here]
EBITDA -
EBIT -
Earnings -
Earnings Per Share - Not applicable
Exit Multiples Year Ending
31/12/2016
Revenue 3.2 x
EBITDA -
EBIT -
Earnings -
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Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: First Data Corporation (First Data Baltics)
Role Company Credit% Individuals Level
Chief Executive Ofcer First Data Corporation (First Data Baltics)
P
100 Zanda Brivule
P
Level1
Advisors to Bidder: Worldline SA
Role Company Credit% Individuals Level
Lawyer Baker McKenzie
P
100 Alain Sauty de Chalon
P
Level1
P
100 Tom Edwards
P
Level2
P
100 David Hart
P
Level2
P
100 Anna Scott
P
Level2
McDermott Will & Emery LLP
P
100 Robert Goldstein
P
Level1
SORAINEN
P
100 Juulika Aavik
P
Level2
P
100 Janis Bite
P
Level2
P
100 Artur Drapeko
P
Level2
P
100 Toomas Prangli
P
Level1
P
100 Viktorija Smirnova-Cerkasa
P
Level2
P
100 Toms Vilnis
P
Level2
In house lawyer Worldline SA
P
100 Tahar Gareche
P
Level1
Chief Executive Ofcer Worldline SA
P
100 Gilles Grapinet
P
Level1
Chief Financial Ofcer Worldline SA
P
100 Eric Heurtaux
P
Level1
Advisors to Seller: First Data Corporation
Role Company Credit% Individuals Level
Financial Advisor HSBC
P
100 Orazio Tarda
P
Level1
P
100 Arcangelo Correra
P
Level3
P
100 Arcangelo Ilario
P
Level4
Inma AS
P
100
Lawyer Ellex
P
100 Zinta Jansons
P
Level1
K&L Gates
P
100 Tom Wallace
P
Level1
In house lawyer First Data Corporation
P
100 Adam Rosman
P
Level1
Chief Executive Ofcer First Data Corporation
P
100 Frank Bisignano
P
Level1
Chief Financial Ofcer First Data Corporation
P
100 Himanshu Patel
P
Level1
Chairman First Data Corporation
P
100 Frank Bisignano
P
Level1
Deal ID 834699 Announcement date 03/07/2017
Completion date 03/07/2017
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross border, Private
Target: Saldus Celinieks SIA
Bidder: Eurovia SA
Eurovia SA, the France-based company engaged in the construction, maintenance and repair of road and rail transportation infrastructures and a subsidiar
listed France-based company involved in building, heavy construction, civil engineering and other industrial projects, has acquired Saldus Celinieks SIA, the
company engaged in roads construction, extraction of aggregates and asphalt production, for an undisclosed consideration.
This acquisition strengthens Eurovia's presence in the Baltic states. Saldus Celinieks reported revenue of EUR 24m in 2016 and has a workforce of more th
Source Links:
Eurovia SA press release, 03 July 2017
Eurovia SA press release, 03 July 2017 (French)
Target Saldus Celinieks SIA
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Description Latvia-based company engaged in roads construction, extraction of aggregates and asphalt production
Sectors Construction
Subsectors Construction services
Heavy construction
Address Brivibas iela 11a
Saldus
Latvia
Telephone + 371 63807060
Fax +371 63807067
Email sc@scgrupa.lv
Bidder Eurovia SA
Description France-based company engaged in the construction, maintenance and repair of road and rail transportation infrastructures
Related Companies Vinci S.A.
Sectors Construction
Subsectors Aggregates
Construction services
Heavy construction
Address 18 Place de l'Europe
Rueil Malmaison Cedex
Paris
France
Postcode 92565
Telephone +33 1 47 16 38 00
Fax +33 1 47 16 38 01
Email communication@eurovia.com
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. Eurovia SA press release, 03 July 2017
[Click here]
Total
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Eurovia SA press release, 03 July 2017
[Click here]
Net Debt - Not available
Enterprise Value - Not available. Eurovia SA press release, 03 July 2017
[Click here]
Deal Value - Not disclosed. Eurovia SA press release, 03 July 2017
[Click here]
Reported
Target Financials
EUR (m)
Year Ending
31/12/2016
Source
Revenue 24 Eurovia SA press release, 03 July 2017
[Click here]
EBITDA -
EBIT -
Earnings -
Earnings Per Share - Not applicable
Exit Multiples Year Ending
31/12/2016
Revenue -
EBITDA -
EBIT -
Earnings -
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Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Saldus Celinieks SIA
Role Company Credit% Individuals Lev
Financial Advisor Internal
P
100
Lawyer KPMG (legal division)
P
100
Advisors to Bidder: Eurovia SA
Role Company Credit% Individuals Lev
Financial Advisor Murinus Advisers SIA
P
100
Lawyer SORAINEN
P
100 Eva Berlaus
P
Lev
P
100 Renate Purvinska
P
Lev
Chief Executive Ofcer Eurovia SA
P
100 Pierre Anjolras
P
Lev
Chief Financial Ofcer Eurovia SA
P
100 Patrick Jutier
P
Lev
Chairman Eurovia SA
P
100 Pierre Anjolras
P
Lev
Deal ID 827704 Announcement date 06/06/2017
Completion date 06/06/2017
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Domestic, Priv
Target: SIA Mego (62% Stake)
Bidder: Aleksandr Babenko (Private Investor)
Seller: Mihail Ulman (Private Investor)
Mr. Aleksandr Babenko, a Latvia-based private individual having interest in companies that operates supermarket chain, has acquired a 62% stake in SIA M
supermarket operator, from Mr. Mihail Ulman a Latvia-based private individual having interest in companies that operates supermarket chain, for an undis
consideration.
Post transaction,Mr. Victor Karbanov, Mr. Alexander Moroz and Mr. Gregory Vovc will own an 18%, 10% and 10% stake in Mego, respectively.
Target SIA Mego
Description Latvia-based supermarket chain
Sectors Consumer: Retail
Subsectors Supermarkets (food chains)
Address Krustpils iela 12
Riga
Latvia
Postcode 1073
Telephone +371 6777 5959
Fax +371 6777 5960
Email mego@mego.lv
Bidder Aleksandr Babenko (Private Investor)
Description Latvia-based private individual having interest in companies operates supermarket chain
Sectors Consumer: Retail
Subsectors Supermarkets (food chains)
Address Latvia
Seller Mihail Ulman (Private Investor)
Description Latvia-based private individual having interest in companies operates supermarket chain
Sectors Consumer: Retail
Subsectors Supermarkets (food chains)
Address Latvia
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. Del, 06 June 2017 (Russian)
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Total
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Del, 06 June 2017 (Russian)
Net Debt - Not available
Enterprise Value - Not available. Del, 06 June 2017 (Russian)
Deal Value - Not disclosed. Del, 06 June 2017 (Russian)
Reported
Target Financials
EUR (m)
Year 1 Source
Revenue -
EBITDA -
EBIT -
Earnings -
Earnings Per Share -
Exit Multiples Year 1
Revenue -
EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: SIA Mego
Role Company Credit% Individuals Level
Advisors to Bidder: Aleksandr Babenko (Private Investor)
Role Company Credit% Individuals Level
Advisors to Seller: Mihail Ulman (Private Investor)
Role Company Credit% Individuals Level
Deal ID 822977 Announcement date 16/05/2017
Completion date 16/05/2017
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross border, Exit, Private, Transa
Target: SIA Infogram
Bidder: Prezi Inc.
Seller: HackFwd Capital GmbH & Co. KG
Point Nine Capital
Connect Ventures
Prezi Inc., the US-based provider of a cloud-based presentation tool for visualization and storytelling, has acquired SIA Infogram, a Latvia-based provider o
interactive infographics and online charts, from HackFwd Capital GmbH & Co. KG, a Germany-based company that invests in early-stage companies to hel
their rst products, Point Nine Management GmbH, a Germany-based venture capital rm and Connect Ventures, UK-based private equity house, for an u
consideration.
The acquisition will enable Infogram to provide superior products, and make available its informative infographics and other data visualization technologie
of users, by leveraging on the resources of Prezi. Also, it will enable Prezi to provide effective tools for visual communication. Post-acquisition, Infogram wi
operate as a standalone service in Latvia. Prezi will invest in research and development of Infogram and will create a Data Visualization Center of Excellenc
HackFwd invested USD 0.2m in Infogram earlier in March 2012. Later, in February 2014, Point Nine and Connect Ventures invested USD 1.8m in the comp
Source Links:
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SIA Infogram press release, 16 May 2017
Prezi Inc. press release, 16 May 2017
Prezi Inc. press release, 16 May 2017 (German)
Prezi Inc. press release, 16 May 2017 (Spanish)
Prezi Inc. press release, 16 May 2017 (Portuguese)
Target SIA Infogram
Description Latvia-based provider of applications for interactive infographics and online charts
Sectors Computer software
Subsectors Application software products
Address Citadeles street 12
Riga
Latvia
Postcode 1010
Telephone +1 650 319 7291
Email hello@infogr.am
Bidder Prezi Inc.
Description US-based provider of a cloud-based presentation tool for visualization and storytelling
Sectors Computer services
Computer software
Internet / ecommerce
Subsectors Data processing
Portals
Software development
Address 642 Harrison Street
San Francisco
California (CA)
USA
Postcode 94107
Telephone +1 415 917 2232
Fax +1 415 547 3323
Seller HackFwd Capital GmbH & Co. KG
Description Germany-based company that invests in early-stage companies to help them develop their rst products
Sectors Financial Services
Subsectors Venture Capital/Private Equity
Address Gaensemarkt 43
Hamburg
Hamburg
Germany
Postcode 20354
Email contact@hackfwd.com
Seller Point Nine Capital
Description Germany-based venture capital rm having interest in internet, software services marketplaces, lead generation, eCommerce, mobile co
invest in companies between EUR 0.1m to EUR 1.5m
Sectors Financial Services
Subsectors Venture Capital/Private Equity
Address Chausseestrasse 19
Berlin
Berlin
Germany
Postcode 10115
Email nfo@pointninecap.com
Seller Connect Ventures
Description UK-based private equity house which seeks to invest in companies between GBP 0.3m to GBP 1m
Sectors Financial Services
Subsectors Venture Capital/Private Equity
Address 4th Floor
89 Great Eastern Street
London
Greater London
United Kingdom
Postcode EC2A 3HX
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Email info@connectventures.co.uk
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. SIA Infogram press release, 16 May 2017
[Click here]
Total
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. SIA Infogram press release, 16 May 2017
[Click here]
Net Debt - Not available
Enterprise Value - Not available. SIA Infogram press release, 16 May 2017
[Click here]
Deal Value - Not disclosed. SIA Infogram press release, 16 May 2017
[Click here]
Reported
Target Financials
EUR (m)
Year 1 Source
Revenue -
EBITDA -
EBIT -
Earnings -
Earnings Per Share -
Exit Multiples Year 1
Revenue -
EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: SIA Infogram
Role Company Credit% Individuals Lev
Chief Executive Ofcer SIA Infogram
P
100 Mikko Jarvenpaa
P
Leve
Chairman SIA Infogram
P
100 Uldis Leiters
P
Leve
Advisors to Bidder: Prezi Inc.
Role Company Credit% Individuals Lev
Lawyer COBALT
P
100 Indrikis Liepa
P
Leve
P
100 Ivo Maskalans
P
Leve
P
100 Diana Zepa
P
Leve
Fenwick & West LLP
P
100
Chief Executive Ofcer Prezi Inc.
P
100 Peter Arvai
P
Leve
Advisors to Seller: HackFwd Capital GmbH & Co. KG
Role Company Credit% Individuals Lev
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Private Equity House HackFwd Capital GmbH & Co. KG
P
100
Chief Executive Ofcer HackFwd Capital GmbH & Co. KG
P
100 Lars Hinrichs
P
Leve
Advisors to Seller: Point Nine Capital
Role Company Credit% Individuals Lev
Private Equity House Point Nine Capital
P
100
Advisors to Seller: Connect Ventures
Role Company Credit% Individuals Lev
Private Equity House Connect Ventures
P
100
Deal ID 828038 Announcement date 30/04/2017
Completion date 30/04/2017
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross border, Private
Target: Dobele Agra SIA
Bidder: Ingleby Farms & Forests A/S
Ingleby Farms & Forests A/S, the Denmark-based company which produces agricultural products, has acquired Dobele Agra SIA, the Latvia-based compan
cultivation of cereals for sale in domestic and international markets, for an undisclosed consideration.
Dobele Agra reported revenues of EUR 5.7m in 2016.
Target Dobele Agra SIA
Description Latvia-based company engaged in cultivation of cereals for sale in domestic and international markets
Sectors Agriculture
Subsectors Crop cultivation
Address Krimuna Parish
Latvia
Postcode LV-3719
Bidder Ingleby Farms & Forests A/S
Description Denmark-based company which produces agricultural products
Sectors Agriculture
Subsectors Crop cultivation
Address Slotsgade 1A
Koge
Denmark
Postcode 4600
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. Advisor brief
Total
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Advisor brief
Net Debt - Not available
Enterprise Value - Not available. Advisor brief
Deal Value - Not disclosed. Advisor brief
Reported
Target Financials
EUR (m)
Year Ending
31/12/2016
Source
Revenue 5.72 Advisor brief
EBITDA -
EBIT -
Earnings -
Earnings Per Share - Not applicable
Exit Multiples Year Ending
31/12/2016
Revenue -
EBITDA -
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EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Dobele Agra SIA
Role Company Credit% Individuals Level
Advisors to Bidder: Ingleby Farms & Forests A/S
Role Company Credit% Individuals Level
Lawyer Ellex
P
100 Henrijs Niedra
P
Level2 Cor
P
100 Filips Klavins
P
Level1 Cor
P
100 Reinis Sokolovs
P
Level2 Cor
Deal ID 812165 Announcement date 29/03/2017
Completion date 29/03/2017
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross border, Private
Target: CV Keskus OU
Bidder: Ringier Axel Springer Media AG
Seller: Headhunter Group
Ringier Axel Springer Media AG, a Switzerland-based multimedia company engaged in publishing and circulating tabloid dailies and magazines and a joint v
Axel Springer SE, a listed Germany-based media company engaged in publishing newspapers and magazines, as well as the operation of digital sales channe
Switzerland-based media company engaged in publishing newspapers and magazines and operating printing plants, radio stations, TV channels, informatio
websites, hasacquired CV Keskus OU, an Estonia-based e-recruitment company, for an undisclosed consideration.
This acquisition expands Ringier Axel Springer business into the Baltics region. Povilas Kytra,the current CEO of CV Keskuswill remain as CEO.
CV Keskus group reaches a total of over 1.8 million monthly visitors, publishes over 6000 job ads monthly and currently provides access to a database of c
CVs. Earlier in 2007, Headhunter Group had acquired 75% stake in CV Keskus, for a consideration of EUR 6m.
Source Links:
Axel Springer SE press release, 29 March 2017
Axel Springer SE press release, 29 March 2017 (German)
Ringier Axel Springer Media AG press release, 29 March 2017
Ringier Axel Springer Media AG press release, 29 March 2017 (German)
Target CV Keskus OU
Description Estonia-based e-recruitment company
Sectors Internet / ecommerce
Services (other)
Subsectors Business support services
e-retailing
Portals
Address Mustamae tee 46
Tallinn
Estonia
Postcode 10621
Telephone +372 699 7610
Fax + 372 699 7612
Email info@cvkeskus.ee
Bidder Ringier Axel Springer Media AG
Description Switzerland-based multimedia company engaged in publishing and circulating tabloid dailies and magazines
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Related Companies Axel Springer SE, Ringier AG
Sectors Media
Subsectors Media houses
Publishing
Address Kreuzstrasse 26
Zurich
Zurich
Switzerland
Postcode CH-8008
Telephone +41 44 267 29 29
Seller Headhunter Group
Description Russia-based online recruitment company
Sectors Internet / ecommerce
Services (other)
Subsectors Business support services
Address Godovikova st. 9, bld.10
Moscow
Moscow City
Russia
Postcode 129085
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. Axel Springer SE press release, 29 March 2017
[Click here]
Total
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Axel Springer SE press release, 29 March 2017
[Click here]
Net Debt - Not available
Enterprise Value - Not available. Axel Springer SE press release, 29 March 2017
[Click here]
Deal Value - Not disclosed. Axel Springer SE press release, 29 March 2017
[Click here]
Reported
Target Financials
EUR (m)
Year 1 Source
Revenue -
EBITDA -
EBIT -
Earnings -
Earnings Per Share -
Exit Multiples Year 1
Revenue -
EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
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Date Value EUR % Premia Source
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: CV Keskus OU
Role Company Credit% Individuals Level
Chief Executive Ofcer CV Keskus OU
P
100 Povilas Kytra
P
Level1
Advisors to Bidder: Ringier Axel Springer Media AG
Role Company Credit% Individuals Level
Lawyer SORAINEN
P
100 Toomas Prangli
P
Level1 Cor
P
100 Jonas Kiauleikis
P
Level2 Cor
P
100 Piret Lappert
P
Level2 Cor
P
100 Renate Purvinska
P
Level2 Cor
Chief Executive Ofcer Ringier Axel Springer Media AG
P
100 Mark Dekan
P
Level1
Advisors to Seller: Headhunter Group
Role Company Credit% Individuals Level
Financial Advisor Keystone Advisers
P
100 Tonis Kons
P
Level1 (Le
P
100 Stanislav Gutkevitsh
P
Level3
P
100 Martin Sillasoo
P
Level4
Lawyer Lextal
P
100 Ants Karu
P
Level1 (Le
P
100 Kristi Sild
P
Level1 (Le
Deal ID 813001 Announcement date 24/03/2017
Completion date 24/03/2017
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Domestic, Priva
Target: JSC Interbaltija AG
Bidder: Amber Beverage Group SIA
Seller: Laimonis Kravalis (Private Investor)
Daiga Grigale (Private Investor)
Amber Beverage Group SIA, a Latvia-based company that produces, bottles, markets, distributes, exports, and retails spirits and wines, and a subsidiary of
Luxembourg-based company engaged in the production, sale and distribution of wines and spirits, has acquired JSC Interbaltija AG, a Latvia-based alcohol
wholesaler, from Daiga Grigale and Laimonis Kravalis, the Latvia-based private individuals having interest in wholesale of alcohol products, for an undisclo
The transaction will allow both the companies to integrate their competencies in the wholesale of alcoholic beverages in the domestic market. The transac
combined entity to develop more successfully on Latvia’s fragmented beverages market. Pursuant to the transaction, Interbaltija will continue its operatio
independent company under its current CEO Laimonis Kravalis. Interbaltija will continue to focus on the development of premium brands in the hotels, res
segment, using Amber’s support and expertise in logistics, IT and legal matters.
Earlier in January 2017, the Competition Council had approved the transaction. Interbaltija had reported estimated revenues of EUR 6.71m with a net pro
for the year 2015. In March 2017, Daiga Grigaleand Laimonis Kravalis had acquired a 24% stake in Interbaltija, for an undisclosed consideration, pursuant
combined stake held by them in Interbaltija was 100%.
Target JSC Interbaltija AG
Description Latvia-based alcohol importer and wholesaler
Sectors Services (other)
Subsectors Distributors
Importers and wholesalers
Address Dzirnieku Street 18
Marupes Pag.
Riga
Latvia
Postcode LV-1067
Telephone +371 70 68 930
Fax +371 70 68 933
Email info@interbaltija.lv
Bidder Amber Beverage Group SIA
Description Latvia-based company that produces, bottles, markets, distributes, exports, and retails spirits and wines
Related Companies S.P.I. Group S.a.r.l.
Sectors Consumer: Other
Services (other)
Subsectors Wine/spirits
Address Aleksandra Caka street 160
Riga
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Latvia
Postcode 1012
Telephone +371 67081213
Email ofce@amberbev.com
Seller Laimonis Kravalis (Private Investor)
Description Latvia-based private individual having interest in alcohol wholesale
Sectors Services (other)
Subsectors Distributors
Importers and wholesalers
Address Latvia
Seller Daiga Grigale (Private Investor)
Description Latvia-based private individual having interest in alcohol wholesale
Sectors Services (other)
Subsectors Distributors
Importers and wholesalers
Address Latvia
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. The Baltic Course, 24 March 2017
Total
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. The Baltic Course, 24 March 2017
Net Debt - Not available
Enterprise Value - Not available. The Baltic Course, 24 March 2017
Deal Value - Not disclosed. The Baltic Course, 24 March 2017
Reported
Target Financials
EUR (m)
Historical Source
Exit Multiples Historical
Revenue -
EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: JSC Interbaltija AG
Role Company Credit% Individuals Lev
Chief Executive Ofcer JSC Interbaltija AG
P
100 Laimonis Kravalis
P
Lev
Chairman JSC Interbaltija AG
P
100 Laimonis Kravalis
P
Lev
Advisors to Bidder: Amber Beverage Group SIA
Role Company Credit% Individuals Lev
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Chief Executive Ofcer Amber Beverage Group SIA
P
100 Seymour Ferreira
P
Lev
Advisors to Seller: Laimonis Kravalis (Private Investor)
Role Company Credit% Individuals Lev
Lawyer TGS Baltic
P
100 Jekaterina Anohina
P
Lev
P
100 Inese Hazenfusa
P
Lev
P
100 Andra Rubene
P
Lev
P
100 Rudolfs Vilsons
P
Lev
Advisors to Seller: Daiga Grigale (Private Investor)
Role Company Credit% Individuals Lev
Deal ID 809757 Announcement date 20/03/2017
Completion date Pending
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross border, MBO, Priv
Target: Santa Monica Networks SIA
Santa Monica Networks UAB
Bidder: Livonia Partners
Seller: Santa Monica Networks Group OU
Livonia Partners, a Latvia-based private equity rm along with the management of Santa Monica Networks Group OU (SMN), an Estonia-based company t
networks, security solutions, unied communications and data center solutions, has agreed to acquire the Latvia and Lithuania based operations of the com
management buy-out transaction, for an undisclosed consideration.
The acquisition is funded through Livonia Partners Fund I, a Latvia-based fund of Livonia Partners. The transaction will generate growth and development
the business in know-how and IT networks. Post transaction, Livonia Partners will get a controlling stake and management will retain a signicant stake in t
In 2016, the acquired business generated revenue of EUR 23.4m and has work force of 52 employees. Concurrently, Elisa Oyj, a listed Finland-based integr
provider, offering wireless voice, data and internet services, e-mail and e-business services, has agreed to acquire the Finland and Estonia based operations
consideration of EUR 28m.
Source Links:
Livonia Partners press release, 20 March 2017
Elisa Oyj press release, 20 March 2017
Elisa Oyj press release, 20 March 2017 (Finnish)
Santa Monica Networks Oy, 20 March 2017
Santa Monica Networks Oy, 20 March 2017 (Finnish)
Santa Monica Networks AS, 20 March 2017 (Estonian)
Target Santa Monica Networks SIA
Description Latvia-based company that provides IT networks, security solutions, unied communications and data center solutions
Sectors Computer services
Subsectors Data processing
IT consulting
Address Curonian Street 24
Riga
Latvia
Postcode LV-1006
Telephone +371 6772 2222
Fax +371 6780 1852
Email info@smn.lv
Target Santa Monica Networks UAB
Description Lithuania-based company that provides IT networks, security solutions, unied communications and data center solutions
Sectors Computer services
Subsectors Data processing
IT consulting
Address Perkunkiemio. 7
Vilnius
Lithuania
Postcode LT-12131
Telephone +370 5 263 8700
Fax +370 5 263 8710
Email info@smn.lt
Bidder Livonia Partners
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Description Latvia-based private equity rm which invests 3 to 15 million of equity or mezzanine capital per company engaged in manufacturing,
nancial, and other sectors
Related Companies Livonia Partners Fund I
Sectors Financial Services
Subsectors Venture Capital/Private Equity
Address Brivibasiela 46-26
Rīga
Latvia
Postcode LV-1011
Telephone +371 67 687 799
Email info@livoniapartners.com
Seller Santa Monica Networks Group OU
Description IT networks and security solutions provider, based in Estonia
Sectors Computer services
Subsectors Data processing
IT consulting
Address Lootsa 8 / Valukoja 1
Tallinn
Estonia
Postcode EE-11415
Telephone +372 68 112 00
Fax +372 68 112 01
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. Livonia Partners press release, 20 March 2017
[Click here]
Total
Sources of funding
Role Company Individuals Value
EUR
(m)
Stake (%) Source / Notes
Management Management
Vehicle
Ugis Berzins n/a n/d Stake acquired and amount contributed not disclosed. Livonia Partner
March 2017
Private Equity
House
Livonia Partners Kristine Berzina
Mindaugas
Utkevicius
n/a n/d Stake acquired and amount contributed not disclosed. Livonia Partner
March 2017
Total Funded by Equity n/a
Financials
Deal Financials Value
EUR (m)
Source
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Livonia Partners press release, 20 March 2017
[Click here]
Net Debt - Not available
Enterprise Value - Not available. Livonia Partners press release, 20 March 2017
[Click here]
Deal Value - Not disclosed. Livonia Partners press release, 20 March 2017
[Click here]
Reported
Target Financials
EUR (m)
Year 1 Source
Revenue -
EBITDA -
EBIT -
Earnings -
Earnings Per Share -
Exit Multiples Year 1
Revenue -
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EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Santa Monica Networks SIA
Role Company Credit% Individuals Level
Chairman Santa Monica Networks SIA
P
100 Ugis Berzins
P
Level1
Advisors to Target: Santa Monica Networks UAB
Role Company Credit% Individuals Level
Advisors to Bidder: Livonia Partners
Role Company Credit% Individuals Level
Financial Advisor PwC
P
100
Lawyer Ellex
P
100 Robertas Ciocys
P
Level2 C
P
100 Martins Gailis
P
Level2 C
P
100 Janis Gavars
P
Level2 C
P
100 Zinta Jansons
P
Level1 C
P
100 Povilas Junevicius
P
Level2 C
P
100 Reinis Sokolovs
P
Level2 C
Accountant PwC
P
100
Management Management Vehicle
P
100 Ugis Berzins
P
Level1
Private Equity House Livonia Partners
P
100 Kristine Berzina
P
Level1
P
100 Mindaugas Utkevicius
P
Level1
Advisors to Seller: Santa Monica Networks Group OU
Role Company Credit% Individuals Level
Financial Advisor PwC
P
100
Lawyer COBALT
P
100 Ott Aava
P
Level2 C
P
100 Peeter Kutman
P
Level1 C
P
100 Lauris Liepa
P
Level1 (L
P
100 Sten Luiga
P
Level1 C
P
100 Irmantas Norkus
P
Level1 C
P
100 Madis Reppo
P
Level2 C
P
100 Juozas Rimas
P
Level1 C
P
100 Liina Saaremets
P
Level2 C
P
100 Mattias Tammeaid
P
Level2 C
P
100 Julija Timoscenko
P
Level2 C
P
100 Diana Zepa
P
Level2 C
Deal ID 809140 Announcement date 17/03/2017
Completion date Pending
Deal Value EUR 115 m
Deal nature Recommended
Deal types Acquisition, Cross border, IBO, Private
Target: Modern Times Group MTG AB (Baltic operations)
Bidder: Providence Equity Partners L.L.C.
Seller: Modern Times Group MTG AB TS
Providence Equity Partners L.L.C. has agreed to acquire free-TV, pay-TV, digital and radio businesses in the Baltic region, from Modern Times Group MTG A
Providence Equity Partners L.L.C. isthe US-based private equity rm, headquartered in Providence, Rhode Island.
Modern Times Group MTG AB (MTG) is a listed Sweden-based entertainment broadcasting company, headquartered in Stockholm.
Terms:
Providence Equity will acquire the business for an enterprise value of EUR 115m (approximately SEK 1.094bn).
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The purchase price represents FY 2016 EBIT multiples of 12.0x.
Assets Acquired:
The TV-channel portfolio in all three Baltic countries with a combined 48.6% Commercial Share of Viewing (CSOV) as of forth quarter of 2016 (target au
including:
Three TV channels in Estonia (TV3, TV3+, TV6).
Five TV channels in Latvia (TV3, TV3+, TV6, Kanals 2 and LNT).
Three TV channels in Lithuania (TV3, TV6, TV8).
Leading subscription and advertising funded video streaming services.
The only DTH platform service and the third largest pay-TV operator in the Baltic region, including leading Baltic premium pay-TV channels in sports and
Nationwide commercial radio stations.
Digital assets and an online advertising consultancy operating across the Baltic region.
Rationale:
The acquisition will support MTG's ongoing transformation from a traditional national broadcaster into a global digital entertainer, capitalizing on rapid
consumers’ media consumption habits.
The sale will result in a signicant net capital gain to MTG.
It will allow MTG to build a stronger presence in the global digital arena.
Post Deal Details: MTG will use the proceeds from the sale to transform the company further.
Condition:
Regulatory approvals.
Background:
In 2016, the Baltic region operations reported revenues of SEK 1.024bn (EUR 107.34m) and EBIT of SEK 91m (EUR 9.53m).
The acquired business was part of MTG's International Entertainment segment.
In February 2017, Swedish telco Telia also bided for MTG’s Baltic operations.
Source Links:
Modern Times Group MTG AB press release, 17 March 2017
Modern Times Group MTG AB press release, 17 March 2017 (Swedish)
Target Modern Times Group MTG AB (Baltic operations)
Description Estonia-based free-TV, pay-TV, digital and radio businesses in the Baltic region of Modern Times Group MTG AB
Sectors Media
Subsectors Radio broadcast
TV broadcast
Address Estonia
Bidder Providence Equity Partners L.L.C.
Description US-based private equity rm specializing in equity investments in communications, entertainment, media, and information companies an
between USD 250m and USD 750m in its portfolio companies. The rm has USD 54bn in assets under management across complementa
credit businesses. As at September 2017 the rm has raised 7 buyout funds along with 2 lower-middle market growth capital funds, mana
Providence Strategic Growth Capital Investors LLC name. Providence Equity Partners VII fund commenced fundraising in early 2011, wit
8bn, which was dropped to USD 6bn and later to USD 5bn, due to blowback from Limited Partners. The fund reached its USD 5bn at the e
Providence Strategic Growth Capital II L.P. held nal close in December 2016 at USD 640m. The rm was founded in 1989 by Jonathan N
Creamer and Paul Salem. Mr Nelson and Mr Creamer had previously worked together at Narragansett Capital, while Mr Salem joined the
Morgan Stanley.
Sectors Financial Services
Subsectors Venture Capital/Private Equity
Address 50 Kennedy Plaza
18th Floor
Providence
Rhode Island (RI)
USA
Postcode 02903
Telephone +1 401 751 1700
Fax +1 401 751 1790
Email info@provequity.com
Seller Modern Times Group MTG AB TS
Description Sweden-based entertainment broadcasting company
Sectors Internet / ecommerce
Media
Subsectors e-retailing
Publishing
Radio broadcast
TV broadcast
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Address Skeppsbron 18
Stockholm
Stockholms lan
Sweden
Postcode 111 30
Telephone +46 (0)8 562 000 50
Fax +46 (0)8 20 50 74
Email investor.relations@mtg.se
Consideration Structure
Type Value
EUR (m)
Source
Cash 115 Including debt. Modern Times Group MTG AB press release, 17 March 2017
[Click here]
Total 115
Sources of funding
Role Company Individuals Value
EUR
(m)
Stake (%) Source / Notes
Private Equity
House
Providence Equity Partners
L.L.C.
Robert
Sudo
Karim
Tabet
n/a 100 Amount contributed not disclosed. Modern Times Group MTG AB p
March 2017
Total Funded by Equity n/a
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Modern Times Group MTG AB press release, 17 March 2017
[Click here]
Net Debt - Not available
Enterprise Value 115 Modern Times Group MTG AB press release, 17 March 2017
[Click here]
Deal Value 115 Including debt. Modern Times Group MTG AB press release, 17 March 2017
[Click here]
Reported
Target Financials
EUR (m)
Year Ending
31/12/2016
Source
Revenue 107.34 SEK 1.024bn. Modern Times Group MTG AB press release, 17 March 2017. EUR 1: SEK 9.53964 as
www.oanda.com
EBITDA -
EBIT 9.53 SEK 91m. Modern Times Group MTG AB press release, 17 March 2017. EUR 1: SEK 9.53964 as of 0
www.oanda.com
Earnings -
Earnings Per Share - Not applicable
Exit Multiples Year Ending
31/12/2016
Revenue 1.1 x
EBITDA -
EBIT 12.1 x
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
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Date Value EUR % Premia Source
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Modern Times Group MTG AB (Baltic operations)
Role Company Credit% Individuals Level
Advisors to Bidder: Providence Equity Partners L.L.C.
Role Company Credit% Individuals Level
Financial Advisor SUMMA Advisers
P
100 Arturas Geguzis
P
Level
P
100 Zygintas Macenas
P
Level
P
100 Kipras Binkauskas
P
Level4
P
100 Ieva Zabielskaite
P
Level4
Superia Corporate Finance
P
100
Lawyer Mannheimer Swartling
P
100 Oscar Bjorkman
P
Level
Prope
P
100 Jan Holmius
P
Level
P
100 Gustav Lundin
P
Level
P
100 Jon Rastad
P
Level
P
100 Arvid Runeus
P
Level
SORAINEN
P
100 Juulika Aavik
P
Level
P
100 Eva Berlaus
P
Level
P
100 Janis Bite
P
Level
P
100 Stasys Drazdauskas
P
Level
P
100 Jonas Kiauleikis
P
Level
P
100 Mantas Petkevicius
P
Level
P
100 Laimonas Skibarka
P
Level
PR Sard Verbinnen & Co
P
100 Clarissa Aiken
P
Level
P
100 Jonathan Doorley
P
Level
P
100 Conrad Harrington
P
Level
Private Equity House Providence Equity Partners L.L.C.
P
PEP
100 Robert Sudo
P
Level
P
PEP
100 Karim Tabet
P
Level
In house lawyer Providence Equity Partners L.L.C.
P
100 Roman A Bejger
P
Level
Chief Executive Ofcer Providence Equity Partners L.L.C.
P
100 Jonathan M Nelson
P
Level
Chief Financial Ofcer Providence Equity Partners L.L.C.
P
100 Marc G Puglia
P
Level
Advisors to Seller: Modern Times Group MTG AB
Role Company Credit% Individuals Level
Financial Advisor SEB
P
100 Stefan Nelson
P
Level
P
100 Michael Schrewelius
P
Level
P
100 Rikard Schwalbe
P
Level
P
100 Johan Klerfelt
P
Level4
P
100 Arthur Rukhamin
P
Level4
Lawyer COBALT
P
100 Karl Kull
P
Level
P
100 Peeter Kutman
P
Level
P
100 Elina Locmele
P
Level
P
100 Irmantas Norkus
P
Level
P
100 Evaldas Petraitis
P
Level
P
100 Juozas Rimas
P
Level
P
100 Dace Silava Tomsone
P
Level
P
100 Martin Simovart
P
Level
Fort
P
100 Liina Kais
P
Level
P
100 Rene Frolov
P
Level
P
100 Aurelija Grigoraviciute
P
Level
P
100 Andrius Mamontovas
P
Level
P
100 Aiste Samuilyte-
Mamontove
P
Level
Hamilton Advokatbyra
P
100 So Lissman
P
Level
P
100 Pontus E Bergsten
P
Level
P
100 Simon Hahn
P
Level
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P
100 Erica Hegerin
P
Level
P
100 Mats Johnsson
P
Level
P
100 Erik Petersson
P
Level
P
100 Pontus Stenbeck
P
Level
P
100 Sophie Westermark
P
Level
In house Financial
Advisor
Modern Times Group MTG AB
P
100 Alexander Winqvist
P
Level
In house lawyer Modern Times Group MTG AB
P
100 Magnus Stephensen
P
Level
Chief Executive Ofcer Modern Times Group MTG AB
P
100 Joergen Madsen
Lindemann
P
Level
Chief Financial Ofcer Modern Times Group MTG AB
P
100 Maria Redin
P
Level
Chairman Modern Times Group MTG AB
P
100 David Chance
P
Level
Deal ID 809249 Announcement date 13/03/2017
Completion date 13/03/2017
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Domestic, Private
Target: SIA Vudlande (80% Stake)
Bidder: Meza saimnieks SIA
Seller: Latvia Timber International
Meza saimnieks SIA, a Latvia-based company having interest in companies engaged in forestry activities, has acquired a 80% stake in SIA Vudlande, a Latvi
manufacturing, purchasing, exporting and trading with lumber and surfaced timber, providing lumber harvesting services and acquiring and logging forest
sites, from Latvia Timber International, a Latvia-based timber manufacturing company, for an undisclosed consideration.
Pursuant to the transaction, Meza saimnieks will hold 100% stake in Vudlande. In 2015, Vudlande reported revenues of EUR 13m and employs 74 employe
transaction, Meza saimnieks held a 20% stake in Vudlande. The transaction is completed in December 2016
Source links:
Tark Grunte Sutkiene press release, 13 March 2017
Tark Grunte Sutkiene press release, 13 March 2017 (Latvian)
Target SIA Vudlande
Description Latvia-based company engaged in manufacturing, purchasing, exporting and trading with lumber and surfaced timber, providing lumber h
and acquiring and logging forest lands and harvest sites
Sectors Agriculture
Subsectors Forestry
Address Lejasupites
Smiltenes novads
Valkas raj
Latvia
Postcode 4729
Telephone +371 64720169
Fax +371 64720169
Email vudlande@vudlande.lv
Bidder Meza saimnieks SIA
Description Latvia-based company having interest in companies engaged in forestry activities
Sectors Agriculture
Subsectors Forestry
Address Mirdzas Kempes iela 3-21
Riga
Latvia
Postcode 1014
Telephone +371 2942 0501
Seller Latvia Timber International
Description Latvia-based timber manufacturing company
Sectors Agriculture
Subsectors Forestry
Address Meza 2
Limbazi
Latvia
Postcode 4001
Telephone +371 6 4070180
Email info@latviatimber.lv
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Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. Tark Grunte Sutkiene press release, 13 March 2017
[Click here]
Total
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Tark Grunte Sutkiene press release, 13 March 2017
[Click here]
Net Debt - Not available
Enterprise Value - Not available. Tark Grunte Sutkiene press release, 13 March 2017
[Click here]
Deal Value - Not disclosed. Tark Grunte Sutkiene press release, 13 March 2017
[Click here]
Reported
Target Financials
EUR (m)
Historical Source
Exit Multiples Historical
Revenue -
EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: SIA Vudlande
Role Company Credit% Individuals Level
Advisors to Bidder: Meza saimnieks SIA
Role Company Credit% Individuals Level
Lawyer TGS Baltic
P
100 Jekaterina Anohina
P
Level2 Corpora
P
100 Ivars Grunte
P
Level1 (Lead) C
P
100 Andra Rubene
P
Level1 Corpora
P
100 Rudolfs Vilsons
P
Level2 Tax
P
100 Raivis Znotins
P
Level2 Financin
Advisors to Seller: Latvia Timber International
Role Company Credit% Individuals Level
Lawyer Spigulis & Kukainis Attorneys at Law
P
100 Matiss Kukainis
P
Level1 Corpora
P
100 Anna Pauconoka
P
Level2 Corpora
P
100 Liva Upite
P
Level2 Corpora
Deal ID 804650 Announcement date 23/02/2017
Completion date 23/02/2017
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross border, Privat
Target: Latvijas Piens Ltd. (75.1% Stake)
Bidder: Eximo Agro-Marketing AG
Seller: Latraps Ks
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Eximo Agro -Marketing AG, a Germany-based dairy wholesaler and a subsidiar of Fude + Serrahn Milchprodukte GmbH & Co. KG, a Germany-based manu
distributor of dairy products,has acquired 75.1% stake in Latvijas Piens Ltd., a Latvia-based company engaged in production of milk products, from Latraps
company that grows and produces crops, seeds, and fertilizers, for an undisclosed consideration.
Pursuant to the transaction, Latraps will retain a 14.5% stake in Latvijas Piens, Dzese with 8.5% stake and cooperative VAKS with 1.9% stake. Arla Foods an
other interested buyers to acquire controlling interest in Latvijas Piens.
Source Link:
Latvijas Piens Ltd. press release, 23 February 2017 (Latvian)
Target Latvijas Piens Ltd.
Description Latvia-based company engaged in production of milk products in Latvia
Sectors Consumer: Foods
Subsectors Dairy products
Address Langervaldes iela 7
Jelgava
Latvia
Postcode 3002
Telephone +371 6301 3988
Fax +371 6301 3996
Email info@lvpiens.lv
Bidder Eximo Agro-Marketing AG
Description Germany-based dairy wholesaler
Related Companies Fude + Serrahn Milchprodukte GmbH & Co. KG
Sectors Consumer: Foods
Subsectors Dairy products
Address Head Ofce Hamburg
Jungfernstieg 41
Hamburg
Germany
Postcode D-20354
Telephone +49 (0)40 349 11 0
Fax +49 (0)40 349 11 222
Email info@eximo.de
Seller Latraps Ks
Description Latvia-based company that grows and produces crops, seeds, and fertilizers
Sectors Agriculture
Financial Services
Subsectors Crop cultivation
Principal nance
Address Lietuvas iela 16 A
Elejas pagasts
Jelgavas novads
Eleja
Jelgavas Novads
Latvia
Postcode 3023
Telephone +371-63025898
Email latraps@latraps.lv
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. Latvijas Piens Ltd. press release, 23 February 2017 (Latvian)
[Click here]
Total
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Latvijas Piens Ltd. press release, 23 February 2017 (Latvian)
[Click here]
Net Debt - Not available
Enterprise Value - Not available. Latvijas Piens Ltd. press release, 23 February 2017 (Latvian)
[Click here]
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Deal Financials Value
EUR (m)
Source
Deal Value - Not disclosed. Latvijas Piens Ltd. press release, 23 February 2017 (Latvian)
[Click here]
Reported
Target Financials
EUR (m)
Historical Source
Exit Multiples Historical
Revenue -
EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Latvijas Piens Ltd.
Role Company Credit% Individuals Level
Chairman Latvijas Piens Ltd.
P
100 Janis Vaivods
P
Level
Advisors to Bidder: Eximo Agro-Marketing AG
Role Company Credit% Individuals Level
Chairman Eximo Agro-Marketing AG
P
100 Andreas Serrahn
P
Level
Advisors to Seller: Latraps Ks
Role Company Credit% Individuals Level
Financial Advisor Internal
P
100
Lawyer Eversheds Sutherland
P
100 Maris Vainovskis
P
Level
KPMG (legal division)
P
100 Ieva Tillere-Tilnere
P
Level
Chairman Latraps Ks
P
100 Gunvaldis Sprogis
P
Level
Deal ID 796829 Announcement date 10/02/2017
Completion date 10/02/2017
Deal Value EUR 21 m
Deal nature Recommended
Deal types Acquisition, Cross border, Priv
Target: Konekesko Eesti AS (45% Stake)
SIA Konekesko Latvija (45% Stake)
UAB Konekesko Lietuva (45% Stake)
Bidder: Danish Agro a.m.b.a
Seller: Konekesko Ltd
Danish Agro a.m.b.a has acquired a 45% stake in Konekesko Eesti AS, SIA Konekesko Latvija and UAB Konekesko Lietuva from Konekesko Ltd.
Danish Agro a.m.b.a. is a Denmark-based agricultural cooperative, headquartered in Karise engaged in supplying feedstuff mixes, ingredients and vitamin m
crop protection products, seeds and energy supplies, and a subsidiary of DLA Aagro A.m.b.A.
DLA Aagro A.m.b.A. is a Denmark-based company, headquartered in Galten is engaged in producing and supplying feed ingredients, fertilizers, seeds, energ
plastics, yarns, crop protection, and other products to the farming industry.
Konekesko Eesti AS is an Estonia-based company, headquartered in Harjumaa that sells and repairs mining, construction, agriculture machinery and its com
SIA Konekesko Latvija is a Latvia-based company, headquartered in Riga that sells and repairs mining, construction, agriculture machinery and its compone
UAB Konekesko Lietuva is a Lithuania-based company headquartered in Vilnius that sells and repairs mining, construction, agriculture machinery and its c
Konekesko Ltd. is a Finland-based company, headquartered in Vantaa engaged in providing import, sale and after-sales service of construction, materials h
environmental and agricultural machinery, trucks, buses, recreational machinery, and a subsidiary of Kesko Group.
Kesko Group is a listed Finland-based retailing, marketing and logistics group, headquartered in Helsinki.
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Terms:
Danish Agro has paid cash consideration of approximately EUR 21m on debt free basis.
Danish Agro also has the option to acquire the remaining 55% stake in Konekesko Eesti, SIA Konekesko Latvija and UAB Konekesko Lietuva by January 2
Danish Agro also has the option to acquire Konekesko's agricultural machinery business in Finland by September 2020.
The potential future acquisition of the Finnish machinery activities and the remaining stake is dependent on approval from the relevant competition aut
Rationale:
The acquisition will enable Danish Agro to be represented by CLAAS machinery sales in the six countries in Scandinavia and the Baltic’s.
The transaction will provide Danish Agro with a strong market position as a partner to the Baltic farmers.
The transaction will strengthen the acquired entity’s machinery trade operations and also improve the customer experience.
The transaction is in line with Kesko’s strategic objective to achieve growth in the Finnish grocery trade, building and technical trade and car trade.
Background:
Konekesko Eesti, Konekesko Latvija and Konekesko Lietuva, has a combined workforce of approximately 200 employees with a total of 13 branches, inc
spare parts and service facilities.
Konekesko Eesti, Konekesko Latvija and Konekesko Lietuva had reported combined revenue of EUR 129m with an EBIT of approximately EUR 5m.
Source Links:
Kesko Group stock exchange announcement, 10 February 2017
Danish Agro a.m.b.a press release, 10 February 2017
Danish Agro a.m.b.a press release, 10 February 2017 (Danish)
Konekesko Ltd. press release, 10 February 2017 (Finnish)
Konekesko Ltd. press release, 10 February 2017 (Latvian)
Konekesko Ltd. press release, 10 February 2017 (Estonian)
Konekesko Ltd. press release, 10 February 2017 (Lithuanian)
Target Konekesko Eesti AS
Description Estonia-based company that sells and repairs mining, construction, agriculture machinery and its components.
Sectors Industrial products and services
Subsectors Aluminium raw material production
Industrial equipment and machinery
Address Porguvalja tee 3a
Pildikula
Rae vald
Harjumaa
Estonia
Postcode 75308
Telephone +372 6059100
Fax +372 6059101
Email info@kesko.ee
Target SIA Konekesko Latvija
Description Latvia-based company that sells and repairs mining, construction, agriculture machinery and its components
Sectors Industrial products and services
Subsectors Industrial equipment and machinery
Industrial Services
Address Tiraines iela 15
Riga
Latvia
Postcode 1058
Telephone +371 67064300
Fax +371 67064301
Email info@kesko.lv
Target UAB Konekesko Lietuva
Description Lithuania-based company that sells and repairs mining, construction, agriculture machinery and its components
Sectors Industrial products and services
Subsectors Industrial equipment and machinery
Industrial Services
Address Moletu g. 13
Didziosios Riesės k.
Vilniaus r. sav
Lithuania
Telephone +370 5 2477400
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Fax +370 5 2477420
Email info@kesko.lt
Bidder Danish Agro a.m.b.a
Description Denmark-based agricultural cooperative engaged in supplying feedstuff mixes, ingredients and vitamin mixes, fertilizers, crop protec
seeds, and energy supplies
Related Companies DLA Aagro A.m.b.A.
Sectors Agriculture
Consumer: Foods
Services (other)
Subsectors Agri processing/ cereals
Crop cultivation
Distributors
Importers and wholesalers
Address Koegevej 55
Karise
Denmark
Postcode 4653
Telephone +45 88 87 39 00
Fax +45 56 76 99 75
Email mail@danishagro.dk
Seller Konekesko Ltd
Description Finland-based company engaged in providing import, sale and after-sales service of construction, materials handling, environmental
machinery, trucks, buses, recreational machinery
Related Companies Kesko Group
Sectors Industrial products and services
Subsectors Industrial Services
Ship Building and parts
Address Vanha Porvoontie 245
Vantaa
Southern Finland
Finland
Postcode 01301
Telephone +358 01053 034
Consideration Structure
Type Value
EUR (m)
Source
Cash 21 Approximate. Debt free basis. Kesko Group stock exchange announcement, 10 February 2017
[Click here]
Total 21
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - EUR 46.67m. Kesko Group stock exchange announcement, 10 February 2017
[Click here]
Net Debt - Not available
Enterprise Value - Not available. Kesko Group stock exchange announcement, 10 February 2017
[Click here]
Deal Value 21 Approximate. Kesko Group stock exchange announcement, 10 February 2017
[Click here]
Reported
Target Financials
EUR (m)
Year Ending
31/12/2016
Source
Revenue 129 Kesko Group stock exchange announcement, 10 February 2017
[Click here]
EBITDA -
EBIT 5 Approximate. Kesko Group stock exchange announcement, 10 February 2017
[Click here]
Earnings -
Earnings Per Share - Not applicable
Exit Multiples Year Ending
31/12/2016
Revenue -
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EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Konekesko Eesti AS
Role Company Credit% Individuals Level
Chief Financial
Ofcer
Konekesko Eesti AS
P
100 Anne Oja Aru
P
Level1
Advisors to Target: SIA Konekesko Latvija
Role Company Credit% Individuals Level
Chief Financial
Ofcer
SIA Konekesko Latvija
P
100 Antra spick
P
Level1
Chairman SIA Konekesko Latvija
P
100 Antra spick
P
Level1
Advisors to Target: UAB Konekesko Lietuva
Role Company Credit% Individuals Level
Chief Executive
Ofcer
UAB Konekesko Lietuva
P
100 Lina Morkunaite
P
Level1
Advisors to Bidder: Danish Agro a.m.b.a
Role Company Credit% Individuals Level
Financial Advisor Internal
P
100
Lawyer COBALT
P
100 Mart Blondal
P
Level2 Compe
P
100 Jesse Kivisaari
P
Level2 Corpor
P
100 Peeter Kutman
P
Level1 Corpor
P
100 Madis Reppo
P
Level2 Corpor
P
100 Elo Tamm
P
Level1 Compe
P
100 Kris Tammistu
P
Level2 Corpor
Ideal Advokatrma P/S
P
100 Jesper Altamirano
P
Level1 (Lead)
CompetitionC
P
100 Karoline Ancher
Norsgaard
P
Level2 Corpor
P
100 Jens Jacob Duhr
P
Level1 Proper
P
100 Stine Lykkegaard-
Madsen
P
Level3 Corpor
P
100 Rikke Sehested
Fredriksen
P
Level2 Compe
Skopina & Azanda
P
100 Ieva Azanda
P
Level1 Corpor
P
100 Inese Odina-Laizane
P
Level2 Corpor
P
100 Laine Skopina
P
Level1 Corpor
P
100 Julija Terjuhana
P
Level2 Corpor
SORAINEN
P
100 Jonas Kiauleikis
P
Level2 Corpor
P
100 Monika Malisauskaite
P
Level2 Compe
P
100 Vaiva Masidlauskiene
P
Level2 Corpor
P
100 Algirdas Peksys
P
Level1 Corpor
P
100 Lina Stropute
P
Level3 Proper
P
100 Daivis Svirinas
P
Level1 Compe
P
100 Lukas Vaisvila
P
Level3 Proper
Accountant Deloitte Touche Tohmatsu
P
100
Chief Executive
Ofcer
Danish Agro a.m.b.a
P
100 Christian Junker
P
Level1
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Chief Financial
Ofcer
Danish Agro a.m.b.a
P
100 Henning Haahr
P
Level1
Chairman Danish Agro a.m.b.a
P
100 Jorgen H. Mikkelsen
P
Level1
Advisors to Seller: Konekesko Ltd
Role Company Credit% Individuals Level
Financial Advisor Globalscope Partners
P
100 Mikko Bergman
P
Level1
Lawyer Borenius Attorneys Ltd
P
100 Emil Degerholm
P
Level2 Corpor
P
100 Asko Lindqvist
P
Level1 Compe
P
100 Susanna Niittymaa
P
Level2 Corpor
P
100 Hanne Savonlahti
P
Level2 Corpor
P
100 Jari Vikio
P
Level1 (Lead)
Ellex
P
100 Sven Bottcher
P
Level2 Corpor
P
100 Martin Maesalu
P
Level2 Corpor
P
100 Raino Paron
P
Level1 Corpor
Chief Financial
Ofcer
Konekesko Ltd
P
100 Juha Rytkonen
P
Level1
Deal ID 793843 Announcement date 08/02/2017
Completion date 08/02/2017
Deal Value EUR 211 m
Deal nature Recommended
Deal types Acquisition, Cross border, IBI, P
Target: Food Union Company (Undisclosed Stake)
Bidder: Meridian Capital Management
PAG Capital
PAG Capital, the Hong Kong-based private equity rm and Meridian Capital Management, the Russia-based private equity rm, have acquired an undisclo
Union Company, the Latvia-based company engaged producing in dairy products, for a consideration of USD 225m.
Asa part of the transaction, PAG Capital will invest USD 170m and Meridian Capital will invest USD 55m in Food Union. The transaction will enable Food U
build a strong dairy products business in China. The transaction will provide Food Union with deep country specic knowledge and signicant operational e
support of the management team.
Prior to this transaction, Meridian Capital had invested in Food Union'scompany Rigas Piensaimnieks LTD in 2015. Food Union has operations in nine coun
2,500 employees.
Source Links:
PAG Capital press release, 08 February 2017
PAG Capital press release, 08 February 2017 (Chinese)
Food Union Company press release, 08 February 2017
Food Union Company press release, 08 February 2017 (Latvian)
Food Union Company press release, 08 February 2017 (Russian)
Clifford Chance LLP press release, 15 February 2017
Target Food Union Company
Description Latvia-based dairy and ice cream producing company
Sectors Consumer: Foods
Subsectors Dairy products
Frozen and chilled foods
Address 180 Bauskas Street
Riga
Latvia
Postcode 1004
Telephone +371 67 066 888
Fax +371 67 860 037
Email foodunion@foodunion.com
Bidder Meridian Capital Management
Description Russia-based private equity rm
Sectors Financial Services
Subsectors Investment banking
Venture Capital/Private Equity
Address 57/46 Bolshaya Nikitskaya
Building 1
1 oor
Moscow
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Moscow City
Russia
Postcode 105064
Telephone +7 495 937 5933
Fax +7 495 937 4845
Email info@meridiancapital.ru
Bidder PAG Capital
Description Hong Kong-based private equity rm and alternative investment manager, targeting buyouts and structured transactions. The targeted i
include but not limited to consumer retail, food and beverage, nancial institutions, industrials and transportation, energy and resources
Sectors Financial Services
Subsectors Venture Capital/Private Equity
Address 15th Floor and 32nd Floor
AIA Central
1 Connaught Road
Central
Hong Kong
Telephone +852 2918 0088
Fax +852 2918 0881
Email info@pagasia.com
Consideration Structure
Type Value
EUR (m)
Source
Cash 211 PAG Capital press release, 08 February 2017
[Click here]
Total 211
Sources of funding
Role Company Individuals Value
EUR
(m)
Stake (%) Source / Notes
Private Equity
House
PAG Capital Weijian Shan n/a n/d Stake acquired not disclosed. PAG Capital press rel
2017
Meridian Capital
Management
Ayrshire Askar
Alshinbayev
n/a n/d Stake acquired not disclosed. PAG Capital press rel
2017
Total Funded by Equity n/a
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. PAG Capital press release, 08 February 2017
[Click here]
Net Debt - Not available
Enterprise Value - Not available. PAG Capital press release, 08 February 2017
[Click here]
Deal Value 210.75 PAG Capital press release, 08 February 2017
[Click here]
Reported
Target Financials
EUR (m)
Year 1 Source
Revenue -
EBITDA -
EBIT -
Earnings -
Earnings Per Share -
Exit Multiples Year 1
Revenue -
EBITDA -
EBIT -
Earnings -
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Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Food Union Company
Role Company Credit% Individuals Leve
Chief Executive
Ofcer
Food Union Company
P
100 Andrey Beskhmelnitsky
P
Leve
Chairman Food Union Company
P
100 Andrey Beskhmelnitsky
P
Leve
P
100 Bernard Hours
P
Leve
Advisors to Bidder: Meridian Capital Management
Role Company Credit% Individuals Leve
Lawyer Linklaters
P
24.44 Robert Cleaver
P
Leve
P
24.44 Jonathan Horan
P
Leve
SORAINEN
P
100
Private Equity House Meridian Capital Management
P
100 Ayrshire Askar
Alshinbayev
P
Leve
Advisors to Bidder: PAG Capital
Role Company Credit% Individuals Leve
Lawyer Clifford Chance LLP
P
75.56 Neeraj Budhwani
P
Leve
Corp
P
75.56 Xuling Ho
P
Leve
P
75.56 Michelle Kwok
P
Leve
COBALT
P
75.56 Elina Locmele
P
Leve
P
75.56 Sandija Novicka
P
Leve
P
75.56 Guntars Zile
P
Leve
PR FTI Consulting
P
75.56
Private Equity House PAG Capital
P
PEP
100 Weijian Shan
P
Leve
Chief Executive
Ofcer
PAG Capital
P
100 Weijian Shan
P
Leve
Chairman PAG Capital
P
100 Weijian Shan
P
Leve
Deal ID 768673 Announcement date 06/01/2017
Completion date 16/03/2017
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross border, IBO, Private
Target: Baltic Coffee Holding
Bidder: BaltCap
Seller: Selecta TMP AG
BaltCap Private Equity Fund II L.P., an Estonia-based private equity fund of Baltcap, an Estonia-based private equity, has agreed to acquire Baltic operation
Latvian and Lithuanian of Selecta Management AG, a Switzerland-based company engaged in vending and coffee machine services, for an undisclosed cons
Through the transaction, Selecta will continue to strengthen its leading position in European vending and coffee services by increasing its market shares in
With the transaction, Selecta has now a focused geographical footprint. Baltic operations of Selecta will serve as a solid base for BaltCap for pursuing busin
that exist in the Baltic markets.
Baltic operations in Estonian, Latvian and Lithuanian generated a turnover in excess of EUR 10m for the scal year 2016 and have a workforce of about 75
transaction is subject to the approval of the Competition Authorities in Estonia, Latvia and Lithuania.
UPDATE 22 May 2017: BaltCap has completed the acquisition of Baltic Coffee Holding from Selecta Management AG on 16 March 2017.
Souce Links:
BaltCap press release, 06 January 2017
Selecta Management AG press release, 06 January 2017
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Target Baltic Coffee Holding
Description Estonia-based Baltic operations in Estonian, Latvian and Lithuanian
Sectors Consumer: Foods
Consumer: Other
Services (other)
Subsectors Manufacture and supply of other consumer products
Address Latvia
Bidder BaltCap
Description Estonia-based private equity and venture capital rm that seeks to make control investments typically in Baltic-based small and mid
with enterprise values of between EUR 5m and EUR 40m, but it is also able to provide capital for larger transactions with co-investor
stage and expansion nancing as well, between EUR 0.3m and EUR 3m. BaltCap usually holds the companies in its portfolio for 3 to 5
across a diverse range of sectors, preferring partnership with management teams and add-on acquisitions. BaltCap manages ve fun
fund, BaltCap Growth Fund, which has a target size of EUR 50m, held nal close in June 2017 at EUR 40m. In July 2017 the company
BaltCap Infrastructure Fund with EUR 100m under management. The rm was founded in 1995, and manages more than EUR 260m
inception. It invested totally in approximately 70 companies. BaltCap is based in Tallinn, but it has two additional ofces in Riga and V
Related Companies BaltCap Private Equity Fund II L.P.
Sectors Financial Services
Subsectors Venture Capital/Private Equity
Address Tartu mnt. 2
Tallinn
Estonia
Postcode 10145
Telephone +372 665 0280
Fax +372 665 0281
Email info@baltcap.com
Seller Selecta TMP AG
Description Switzerland-based company engaged in vending and coffee machine services
Sectors Consumer: Foods
Consumer: Other
Subsectors Manufacture and supply of other consumer products
Address Hinterbergstrasse 20
Cham
Zug
Switzerland
Postcode 6330
Telephone +41 41 727 7272
Fax +41 41 727 72 96
Email info@selecta.com
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. Selecta Management AG press release, 06 January 2017
[Click here]
Total
Sources of funding
Role Company Individuals Value
EUR
(m)
Stake (%) Source / Notes
Private Equity House BaltCap Sandijs Abolins-Abols n/a n/d Amount contributed not disclosed. Selecta Management AG press release
Total Funded by Equity n/a
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Selecta Management AG press release, 06 January 2017
[Click here]
Net Debt - Not available
Enterprise Value - Not available. Selecta Management AG press release, 06 January 2017
[Click here]
Deal Value - Not disclosed. Selecta Management AG press release, 06 January 2017
[Click here]
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Reported
Target Financials
EUR (m)
Year Ending
31/12/2016
Source
Revenue 10 Minimum. Selecta Management AG press release, 06 January 2017
[Click here]
EBITDA -
EBIT -
Earnings -
Earnings Per Share - Not applicable
Exit Multiples Year Ending
31/12/2016
Revenue -
EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Baltic Coffee Holding
Role Company Credit% Individuals Level
Advisors to Bidder: BaltCap
Role Company Credit% Individuals Level
Lawyer COBALT
P
100 Ott Aava
P
Level2
P
100 Elina Locmele
P
Level2
P
100 Liina Saaremets
P
Level2
P
100 Justinas Sileika
P
Level2
P
100 Audrius Slazinskas
P
Level2
P
100 Guntars Zile
P
Level1
Private Equity House BaltCap P PEP 100 Sandijs Abolins-Abols
P
Level1
Chief Financial Ofcer BaltCap
P
100 Eneken Napa
P
Level1
P
100 Juri Pervjakov
P
Level1
Advisors to Seller: Selecta TMP AG
Role Company Credit% Individuals Level
Financial Advisor Lazard
P
100
Lawyer Baker McKenzie
P
100 Philippine Bossy
P
Level2
P
100 Alexander Fischer
P
Level1
P
100 Roger Thomi
P
Level2
Ellex
P
100 Arturas Grimaila
P
Level2
P
100 Gerda Liik
P
Level2
P
100 Sven Papp
P
Level1
P
100 Raimonds Slaidins
P
Level1
P
100 Sarmis Spilbergs
P
Level2
P
100 Povilas Zukauskas
P
Level2
Chief Executive Ofcer Selecta TMP AG
P
100 David Flochel
P
Level1
Chief Financial Ofcer Selecta TMP AG
P
100 Hugues Rougier
P
Level1
Chairman Selecta TMP AG
P
100 Rainer Husmann
P
Level1
Deal ID 735781 Announcement date 30/09/2016
Completion date 01/10/2016
Deal Value Not Available
Deal nature RecommendedTarget: AS Avesco
UAB Avesco Lithuania
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Deal types Acquisition, Cross border, PrivateAvesco SIA
Bidder: Avesco AG
Seller: Wihuri Oy
Avesco AG, the Switzerland-based company engaged in sale, rental and maintenance of construction machinery, energy systems and logistical solutions, an
Ammann Group, the Switzerland-based manufacturer of asphalt mixing, concrete mixing and mineral processing plants, compaction machines and asphalt
to acquire UAB Witraktor, Witraktor SIA and AS Wihuri, the Lithuania, Latvia and Estonia-based companies engaged in retailing, renting and service of new
Caterpillar construction machines, from Wihuri Oy, the Finland-based conglomerate engaged in business of packaging, technical trade, daily goods wholes
products and private air transportation and air ambulance services, for an undisclosed consideration.
As per the terms, Avesco has agreed to acquire all the Caterpillar, Inc's operations in Baltic countries of from Wihuri. The acquisition will enhance Avesco's
customer service to further improve the performance of its client's Caterpillar equipment. Post acquistion, Avesco will will retain all the employees of UAB
Witraktor SIA and AS Wihuri and will rename the companies to UAB Avesco Lithuania, Avesco SIA and AS Avesco. Avesco will become new ofcial Caterpi
and provider for all business areas in Lithuania, Latvia and Estonia. Avesco will also integrate Metso and SITECH product line in its divisions.
UPDATE 01 October 2016: Avesco AG has completed the acquisition of Caterpillar operations in Baltic countries of Wihuri Oy.
Source links:
Avesco SIA press release, 30 September 2016
Avesco SIA press release, 30 September 2016
Avesco SIA press release, 30 September 2016 (Latvian)
Avesco SIA press release, 30 September 2016 (Latvian)
Avesco SIA press release, 30 September 2016 (Russian)
AS Avesco press release, 03 October 2016 (Estonian)
AS Avesco press release, 13 October 2016 (Estonian)
UAB Avesco Lithuania press release, 24 October 2016
UAB Avesco Lithuania press release, 24 October 2016
UAB Avesco Lithuania press release, 24 October 2016 (Lithuanian)
UAB Avesco Lithuania press release, 24 October 2016 (Lithuanian)
SORAINEN press release, 20 October 2016
SORAINEN press release, 20 October 2016 (Latvian)
SORAINEN press release, 20 October 2016 (Estonian)
SORAINEN press release, 20 October 2016 (Lithuanian)
Target AS Avesco
Description Estonia-based company engaged in retailing, renting and service of new or used Caterpillar construction machines
Sectors Financial Services
Industrial products and services
Services (other)
Subsectors Industrial equipment and machinery
Rental and leasing
Other services
Address Valjaotsa 1
Saue
Estonia
Postcode 76505
Telephone +372 679 9260
Fax +372 525 1142
Email info.ee@avesco-cat.com
Target UAB Avesco Lithuania
Description Lithuania-based company engaged in retailing, renting and service of new or used Caterpillar construction machines
Sectors Financial Services
Industrial products and services
Services (other)
Subsectors Industrial equipment and machinery
Rental and leasing
Other services
Address Pirkliu g. 6,
Vilnius
Lithuania
Postcode 02300
Telephone +370 52 603 242
Fax +370 52 602 782
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Email info.lt@avesco-cat.com
Target Avesco SIA
Description Latvia-based company engaged in retailing, renting and service of new or used Caterpillar construction machines
Sectors Financial Services
Industrial products and services
Services (other)
Subsectors Fund management
Industrial equipment and machinery
Rental and leasing
Other services
Address Ziedu Gravas
Marupes novads
Latvia
Postcode 2167
Telephone +371 67703513
Fax +371 67703567
Email info.lv@avesco-cat.com
Bidder Avesco AG
Description Switzerland-based company engaged in sale, rental and maintenance of construction machinery, energy systems and logistical soluti
Related Companies Ammann Group
Sectors Industrial products and services
Subsectors Industrial equipment and machinery
Address Hasenmattstrasse 2
Langenthal
Bern
Switzerland
Postcode 4901
Telephone +41 62 915 81 20
Fax +41 62 915 81 33
Seller Wihuri Oy
Description Finland-based conglomerate engaged in business of packaging, technical trade, daily goods wholesale, industrial products and privat
and air ambulance services
Sectors Consumer: Retail
Industrial products and services
Manufacturing (other)
Medical
Transportation
Subsectors Airlines
Medical equipment & services
Packaging products and systems
Freight and other transportation services
Address Wihurinaukio 2
Helsinki
Southern Finland
Finland
Postcode 00570
Telephone +358 20 510 10
Fax +358 20 510 2658
Email info@wihuri.
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. UAB Avesco Lithuania press release, 24 October 2016
[Click here]
Total
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. UAB Avesco Lithuania press release, 24 October 2016
[Click here]
Net Debt - Not available
Enterprise Value - Not available. UAB Avesco Lithuania press release, 24 October 2016
[Click here]
Deal Value - Not disclosed. UAB Avesco Lithuania press release, 24 October 2016
[Click here]
Reported
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Target Financials
EUR (m)
Year 1 Source
Revenue -
EBITDA -
EBIT -
Earnings -
Earnings Per Share -
Exit Multiples Year 1
Revenue -
EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: AS Avesco
Role Company Credit% Individuals Lev
Advisors to Target: UAB Avesco Lithuania
Role Company Credit% Individuals Lev
Advisors to Target: Avesco SIA
Role Company Credit% Individuals Lev
Advisors to Bidder: Avesco AG
Role Company Credit% Individuals Lev
Chief Executive Ofcer Avesco AG
P
100 Stefan Sutter
P
Lev
Advisors to Seller: Wihuri Oy
Role Company Credit% Individuals Lev
Lawyer SORAINEN
P
100 Jonas Kiauleikis
P
Lev
P
100 Pekka Puolakka
P
Lev
P
100 Natalija Sestakova
P
Lev
P
100 Kai Vainola
P
Lev
Chief Executive Ofcer Wihuri Oy
P
100 Juha Hellgren
P
Lev
Deal ID 681633 Announcement date 20/09/2016
Completion date 20/09/2016
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross border, Priv
Target: Nemo TV
Bidder: Erzhan Isabayev (private Investor)
German Nurbayev (Private Investor)
Talgat Shakenov (Private Investor)
Seller: Dmitry Karyakin (Private Investor)
Erzhan Isabayev, German Nurbayev and Talgat Shakenov, the Kazakhstan-based private individual having interest in companies which operate the satellite
acquired Nemo TV, the Latvia-based company which operates as a OTT media content distributor, from Dmitry Karyakin, the Russia-based private individu
in companies which operates as a OTT media content distributor, for an undisclosed consideration.
The dealwill result into further development of Nemo in Russia speaking regions. Nemo TV has received fundingof USD 20m till January 2015. Post acqui
retain its brand name.
Target Nemo TV
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Description Latvia-based company which operates as a OTT media content distributor
Sectors Media
Telecommunications: Hardware
Subsectors TV broadcast
Address Terbatas 14
Riga
Latvia
Bidder Erzhan Isabayev (private Investor)
Description Kazakhstan-based private individual having interest in companies which operate the satellite television
Sectors Media
Telecommunications: Carriers
Subsectors Mobile/satellite telecoms carriers
TV broadcast
Address Kazakhstan
Bidder German Nurbayev (Private Investor)
Description Kazakhstan-based private individual having interest in companies which operate the satellite television
Sectors Media
Telecommunications: Carriers
Subsectors Mobile/satellite telecoms carriers
TV broadcast
Address Kazakhstan
Bidder Talgat Shakenov (Private Investor)
Description Kazakhstan-based private individual having interest in companies which operate the satellite television
Sectors Media
Telecommunications: Carriers
Subsectors Mobile/satellite telecoms carriers
TV broadcast
Address Kazakhstan
Seller Dmitry Karyakin (Private Investor)
Description Russia-based private individual having interest in companies which operates as a OTT media content distributor
Sectors Internet / ecommerce
Media
Telecommunications: Carriers
Subsectors Portals
Mobile/satellite telecoms carriers
TV broadcast
Address Rostov
Russia
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. Kommersant, 20 September 2016 (Russian)
Total
Financials
Deal Financials Value
EUR (m)
Source
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Kommersant, 20 September 2016 (Russian)
Net Debt - Not available
Enterprise Value - Not available. Kommersant, 20 September 2016 (Russian)
Deal Value - Not disclosed. Kommersant, 20 September 2016 (Russian)
Reported
Target Financials
EUR (m)
Year 1 Source
Revenue -
EBITDA -
EBIT -
Earnings -
Earnings Per Share -
Exit Multiples Year 1
Revenue -
EBITDA -
EBIT -
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Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Nemo TV
Role Company Credit% Individuals Level
Advisors to Bidder: Erzhan Isabayev (private Investor)
Role Company Credit% Individuals Level
Advisors to Bidder: German Nurbayev (Private Investor)
Role Company Credit% Individuals Level
Advisors to Bidder: Talgat Shakenov (Private Investor)
Role Company Credit% Individuals Level
Advisors to Seller: Dmitry Karyakin (Private Investor)
Role Company Credit% Individuals Level
Deal ID 742490 Announcement date 14/09/2016
Completion date 14/09/2016
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross border, Private, Tran
Target: SIA Winergy
Bidder: Norvik Ieguldijumi Parvaldes Sabiedriba
Seller: Devon Dodson Archer (Private Investor)
Ansager Global Limited
Norvik Ieguldijumi Parvaldes Sabiedriba, a Latvia-based investment management arm Norvik Banka JSC, a Latvia-based company that provides private an
banking services to individuals and industrial enterprises, has acquired SIA Winergy, the Latvia-based wind energy management and development compan
Dodson Archer, the US-based private individual having interest in energy sector and Ansager Global Limited, a British Virgin Islands-based investment hol
having interest in companies engaged in operating wind parks company, for an undisclosed consideration.
Earlier in November 2015, Mr. Devon Dodson had acquired an undisclosed majority stake in Winergy for an undisclosed consideration. Mr. Devon Dodson
in Norvik Banka.
Target SIA Winergy
Description Latvia-based wind energy management and development company
Sectors Energy
Subsectors Alternative energy
Address Riga
ErnestaBirznieka-Upisaiela 20A - 25
Latvia
Postcode 1050
Bidder Norvik Ieguldijumi Parvaldes Sabiedriba
Description Latvia-based investment management arm Norvik Banka JSC
Related Companies Norvik Banka JSC
Sectors Financial Services
Subsectors Fund management
Address E.Birznieka-Upisa street 21
Latvia
Telephone +371 67011591
Fax +371 67011590
Email fondi@norvik.eu
Seller Devon Dodson Archer (Private Investor)
Description US-based private individual having interest in energy sector
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Sectors Energy
Subsectors Alternative energy
Address USA
Seller Ansager Global Limited
Description British Virgin Islands-based investment holding company having interest in companies engaged in operating wind parks company
Sectors Energy
Subsectors Alternative energy
Address British Virgin Islands
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. The Baltic Course, 14 September 2016
Total
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. The Baltic Course, 14 September 2016
Net Debt - Not available
Enterprise Value - Not available. The Baltic Course, 14 September 2016
Deal Value - Not disclosed. The Baltic Course, 14 September 2016
Reported
Target Financials
EUR (m)
Year 1 Source
Revenue -
EBITDA -
EBIT -
Earnings -
Earnings Per Share -
Exit Multiples Year 1
Revenue -
EBITDA -
EBIT -
Earnings -
Sector Analysis Year 1 Source
Total Production (boe/day)
Cost per boe/day of Production -
Total Reserves (mmboe)
Cost per boe of Total Reserves -
Total 1P Reserves (mmboe)
Cost per boe of Total 1P Reserves -
Total 2P Reserves (mmboe)
Cost per boe of Total 2P Reserves -
Total Electricity Output (GWh)
Cost per MWh of Electricity Output -
Total Generation Capacity (MW)
Cost per KW of capacity -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
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Date Value EUR % Premia Source
Advisors
Advisors to Target: SIA Winergy
Role Company Credit% Individuals
Financial Advisor Internal
P
100
Lawyer Eversheds Sutherland
P
100
Advisors to Bidder: Norvik Ieguldijumi Parvaldes Sabiedriba
Role Company Credit% Individuals
Financial Advisor Internal
P
100
Lawyer Internal
P
100
Advisors to Seller: Devon Dodson Archer (Private Investor)
Role Company Credit% Individuals
Advisors to Seller: Ansager Global Limited
Role Company Credit% Individuals
Deal ID 672211 Announcement date 25/08/2016
Completion date 01/10/2017
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross border, Joint venture,
Target: Nordea AB (Baltic region operations)
DNB ASA (Baltic region operations)
Bidder: Luminor
Seller: DNB ASA TS
Nordea AB TS
DNB ASA, the listed Norway-based nancial services company providing nancial services, including loans, savings, advisory services, insurance and pensi
retail and corporate customers and Nordea AB, the listed Sweden-based nancial services group providing services, products and solutions within banking
management and insurance businesses, has agreed to combine their Baltics region operation to form a new entity.
The acquisition will enable DNB and Nordea to become the main bank for customers in the baltics, through stronger geographic presence and broader pro
acquisition, DNB and Nordea will have equal ownership in the new entity. The acquisition is subject to regulatory approvals and it is expected to close arou
of 2017.
Nordea’s baltic operations has EUR 8bn in assets and workforce of 1300 employees, whereas DNB’s baltic operations has EUR 5bn inassets and workforce
employees in over 70 branches.
UPDATE 05 December 2016: The transaction has received the approval of European Commission.
UPDATE 31 January 2017: DNB ASA and Nordea AB have applied to the Estonian Competition Authority for the approval the transaction.
UPDATE 07 March 2017: DNB ASA and Nordea AB have decided to name the merged entity as Luminor Group AB.
UPDATE 17 May 2017:
DNB ASA and Nordea AB have appointed the management team for Luminor Group AB.
The transactionis conditional upon regulatory approvals and conditions, and is expected to close around the end of Q3 2017.
UPDATE 01 OCTOBER: The transaction has conpleted and Luminor has started its operations in the Baltic.
Source Link:
Nordea AB press release, 25 August 2016
Nordea AB press release, 25 August 2016 (Danish)
Nordea AB press release, 25 August 2016 (Norwegian)
Nordea AB press release, 25 August 2016 (Finnish)
Nordea AB press release, 25 August 2016 (Swedish)
European Commission press release, 05 December 2016
DNB ASA press release, 07 March 2017 (Estonian)
DNB ASA press release,17May 2017
DNB ASA press release, 21 November 2017
Nordea AB press release, 01 October 2017 (Danish)
Luminor press release, 13 November 2017
Target Nordea AB (Baltic region operations)
Description Estonia-based banking operations of Nordea AB
Sectors Financial Services Subsectors Banking
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Address Estonia
Target DNB ASA (Baltic region operations)
Description Estonia-based banking operations of DNB ASA
Sectors Financial Services
Subsectors Banking
Address Estonia
Bidder Luminor
Description Estonia-based joint venture formed between Nordea AB and DNB ASA to opearting banking business in baltics region
Sectors Financial Services
Subsectors Banking
Address Estonia
Seller DNB ASA TS
Description Norway-based nancial services company providing nancial services, including loans, savings, advisory services, insurance and pension
and corporate customers
Sectors Financial Services
Subsectors Banking
Insurance related
Investment banking
Principal nance
Address Dronning Eufemias gate 30
Bjorvika
Norway
Postcode 0191
Telephone +47 915 07 700
Fax +47 (0) 24 02 53 00
Email 07700@dnb.no
Seller Nordea AB TS
Description Sweden-based nancial services group providing services, products and solutions within banking, asset management and insurance busin
Sectors Financial Services
Subsectors Banking
Investment banking
Address Smalandsgatan 17
Stockholm
Stockholms lan
Sweden
Postcode 105 71
Telephone +46 8 614 7000
Email info@nordea.se
Consideration Structure
Type Value
EUR (m)
Source
Type Value
EUR (m)
Source
Equity - Not disclosed. Nordea AB press release, 25 August 2016
[Click here]
Total
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Nordea AB press release, 25 August 2016
[Click here]
Net Debt - Not applicable
Enterprise Value - Not available. Nordea AB press release, 25 August 2016
[Click here]
Deal Value - Not disclosed. Nordea AB press release, 25 August 2016
[Click here]
Reported
Target Financials
EUR (m)
Year 1 Source
Revenue -
EBITDA -
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EBIT -
Earnings -
Earnings Per Share -
Book Value
Exit Multiples Year 1
Revenue -
EBITDA -
EBIT -
Earnings -
Book Value -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Nordea AB (Baltic region operations)
Role Company Credit% Individuals Le
Advisors to Target: DNB ASA (Baltic region operations)
Role Company Credit% Individuals Le
Financial Advisor JPMorgan
P
100 Jonas Wikmark
P
Le
Advisors to Bidder: Luminor
Role Company Credit% Individuals Le
Financial Advisor Goldman Sachs & Co. LLC
P
100
Lawyer Gernandt & Danielsson
P
100 Simon Wetterholm
P
Le
P
100 Olle Asplund
P
Le
P
100 Joakim Brannstrom
P
Le
P
100 Fredrik Harang
P
Le
P
100 Mats Hugoson
P
Le
P
100 Bjorn Hakan Svensson
P
Le
P
100 Soa Tangelin
P
Le
P
100 Nils Unckel
P
Le
P
100 Soe Viktorsson
P
Le
P
100 Kelly Waller
P
Le
SORAINEN
P
100 Janis Bite
P
Le
P
100 Jane Eespold
P
Le
P
100 Rudolfs Engelis
P
Le
P
100 Reimo Hammerberg
P
Le
P
100 Tomas Kontautas
P
Le
P
100 Piret Lappert
P
Le
P
100 Daiva Liubomirskiene
P
Le
P
100 Mantas Petkevicius
P
Le
P
100 Santa Rubina
P
Le
Accountant PwC
P
100
Advisors to Seller: DNB ASA
Role Company Credit% Individuals Le
Lawyer BA-HR
P
100
COBALT
P
100 Peeter Kutman
P
Le
P
100 Andrejs Lielkalns
P
Le
P
100 Irmantas Norkus
P
Le
P
100 Kristel Raidla-Talur
P
Le
P
100 Dace Silava Tomsone
P
Le
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P
100 Ieva Sodeikaite
P
Le
P
100 Eva Suduiko
P
Le
P
100 Toms Sulmanis
P
Le
P
100 Elo Tamm
P
Le
P
100 Heleri Tammiste
P
Le
Roschier
P
100 Mattias Jonsson
P
Le
P
100 Bjorn Winstrom
P
Le
Chief Executive Ofcer DNB ASA
P
100 Rune Bjerke
P
Le
Chief Financial Ofcer DNB ASA
P
100 Bjorn Erik Naess
P
Le
Chairman DNB ASA
P
100 Anne Carine Tanum
P
Le
Advisors to Seller: Nordea AB
Role Company Credit% Individuals Le
Chief Executive Ofcer Nordea AB
P
100 Casper von Koskull
P
Le
Chief Financial Ofcer Nordea AB
P
100 Heikki Ilkka
P
Le
Chairman Nordea AB
P
100 Bjorn Arne Christer Wahlroos
P
Le
Deal ID 669345 Announcement date 09/08/2016
Completion date 09/08/2016
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross border, Private
Target: Hausmaster SIA
Bidder: Civinity, AB
Civinity Group, a Lithuania-based building facilities management group, has acquired Hausmaster SIA, a Latvia-based company engaged in building facility
an undisclosed consideration.
Concurrently, Civinity has also acquired HomeMaster SIA, a smaller company based in Latvia. The transaction has been co-nanced by Citadele bank. Thro
acquisition, Civinity will expand its operations in the Latvian market and provide better quality services to its clients.
Following these transactions, Civinity owns 3 companies in Latvia including Jurmalas Namsaimnieks acquired in 2014. Civinity’s consolidated revenues po
expected to rise to EUR 35m. Hausmaster posts annual income of nearly EUR 9m.
Source Links:
Civinity press release, 09 August 2016
Civinity press release, 09 August 2016 (Lituanian)
Civinity press release, 09 August 2016 (Latvian)
Civinity press release, 09 August 2016 (Russian)
Civinity press release, 09 August 2016 (Polish)
Target Hausmaster SIA
Description Latvia-based company engaged in building facility management
Related Companies Home Master SIA
Sectors Services (other)
Subsectors Other services
Address Cesu 15
Riga
Latvia
Postcode 1012
Telephone +371 6 7375224
Fax +371 6 7389291
Email info@hausmaster.lv
Bidder Civinity, AB
Description Lithuania-based building facilities management group
Sectors Services (other)
Subsectors Consulting services (excl. IT consulting)
Other services
Address Gostauto str. 40B
Vilnius
Lithuania
Postcode 03163
Telephone +370 616 46119
Fax +370 5 212 1386
Email info@civinity.eu
Consideration Structure
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Type Value
EUR (m)
Source
Cash - Not disclosed. Civinity Group press release, 09 August 2016
[Click here]
Total
Sources of funding
Role Company Individuals Value
EUR
(m)
Stake (%) Source / Notes
Debt Provider
(Other)
Citadele
Bank
n/a n/a n/d Terms, seniority and amount contributed not disclosed. Civinity Group press releas
(Lituanian
Total Funded by Other Debt n/a
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Civinity Group press release, 09 August 2016
[Click here]
Net Debt - Not available
Enterprise Value - Not available. Civinity Group press release, 09 August 2016
[Click here]
Deal Value - Not disclosed. Civinity Group press release, 09 August 2016
[Click here]
Reported
Target Financials
EUR (m)
Year Ending
31/12/2015
Source
Revenue 9 Civinity Group press release, 09 August 2016
[Click here]
EBITDA -
EBIT -
Earnings -
Earnings Per Share - Not applicable
Exit Multiples Year Ending
31/12/2015
Revenue -
EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Hausmaster SIA
Role Company Credit% Individuals
Advisors to Bidder: Civinity, AB
Role Company Credit% Individuals
Debt Provider (Other) Citadele Bank
P
100
Chairman Civinity, AB
P
100 Giedrius Jakubauskas Gazette
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Deal ID 661497 Announcement date 08/07/2016
Completion date 08/07/2016
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross border, Private
Target: NewFuels SIA (50.04% Stake)
Bidder: Taer Fze
Seller: Clear Energy Holdings S.A.
Taer Fze, the UAE-based investment holding company having interest in companies engaged in the production of wood pellet for energy production, has ac
stake in NewFuels SIA, the Latvia-based company engaged in the production of wood pellet for energy production, from Clear Energy Holdings S.A., the Lu
holding company having interest in the companies involved in the alternative energy sector, for an undisclosed consideration.
Along with this transaction, Nordea AB has granted NewFuels with EUR 15.5m for development, increasing factory output volume from 140,000 to 220,00
the production of both industrial and household pellets. NewFuels reported revenue of EUR 15.39m and a net prot of EUR 0.599m and has a workforce o
Previously, Clear Energy andTaer Fzeheld 50.04% and 49.96% stakes respectively with a total share capital of EUR 23m. Taer Fze is owned by Greek citize
Tserni.
Target NewFuels SIA
Description Latvia-based company engaged in the production of wood pellet for energy production
Sectors Energy
Subsectors Energy conservation related
Address Atbrivosanas aleja 169A
Rezekne
Latvia
Postcode LV-4604
Telephone +371 646 057 85
Fax +371 646 057 84
Email info@newfuels.eu
Bidder Taer Fze
Description UAE-based investment holding company having interest in companies engaged in the production of wood pellet for energy production
Sectors Energy
Financial Services
Subsectors Energy conservation related
Address Sharjah
United Arab Emirates
Postcode 52936
Telephone +97144216406
Seller Clear Energy Holdings S.A.
Description Luxembourg-based holding company having interest in the companies involved in the alternative energy sector
Sectors Energy
Financial Services
Subsectors Alternative energy
Address 17, Boulevard Royal L
Luxembourg
Postcode 2449
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. rus.db.lv, 08 July 2016
Total
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. rus.db.lv, 08 July 2016
Net Debt - Not available
Enterprise Value - Not available. rus.db.lv, 08 July 2016
Deal Value - Not disclosed. rus.db.lv, 08 July 2016
Reported
Target Financials
EUR (m)
Year Ending
31/12/2015
Source Year Ending
31/12/2014
Source
Revenue 15.39 Firmas.lv, 28 July 2016 15.7 Mergermarket intelligence, Opps id
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EBITDA - -
EBIT - -
Earnings .6 Firmas.lv, 28 July 2016 -
Earnings Per Share - Not applicable - Not applicable
Exit Multiples Year Ending
31/12/2015
Year Ending
31/12/2014
Revenue - -
EBITDA - -
EBIT - -
Earnings - -
Sector Analysis Year Ending
31/12/2015
Source Year Ending
31/12/2014
Source
Total Production (boe/day)
Cost per boe/day of Production - -
Total Reserves (mmboe)
Cost per boe of Total Reserves - -
Total 1P Reserves (mmboe)
Cost per boe of Total 1P Reserves - -
Total 2P Reserves (mmboe)
Cost per boe of Total 2P Reserves - -
Total Electricity Output (GWh)
Cost per MWh of Electricity Output - -
Total Generation Capacity (MW)
Cost per KW of capacity - -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: NewFuels SIA
Role Company Credit% Individuals Level
Advisors to Bidder: Taer Fze
Role Company Credit% Individuals Level
Advisors to Seller: Clear Energy Holdings S.A.
Role Company Credit% Individuals Level
Lawyer Eversheds Sutherland
P
100 Elina Vilde
P
Level1 Co
P
100 Toms Purins
P
Level2 Co
P
100 Maris Vainovskis
P
Level1 Co
Deal ID 651101 Announcement date 18/05/2016
Completion date 01/07/2016
Deal Value Not Av
Deal nature Recom
Deal types Acquisi
Private
Target: STARCO A/S (Aftermarket operations in Eastern Europe and Scandinavia, Germany
and Benelux)
Bidder: Bohnenkamp AG
Seller: STARCO A/S
Bohnenkamp AG, the Germany-based maker and distributor of agricultural machinery tires, wheels and components, has agreed to acquire aftermarket op
STARCO A/S, the Denmark-based supplier of tires and wheels and maker of specialist wheel systems, for an undisclosed consideration.
The transaction will transfer approximately 160 employees from STARCO to Bohnenkamp. The deal represents acquisition of STARCO's aftermarket oper
Belarus, Baltics, Kazakhstan, Ukraine, Germany, Benelux and Scandinavian region, and does not include its passenger car trailer operations. The acquisition
Bohnenkamp's product offering in small tyres segment and will increase its market share.
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Concurrently, SARCO has agreed to acquire Bohnenkamp’s passenger car trailer operation for original equipment manufacturers. The transactionsare exp
01 July 2016 and is subject to approval by the relevant authorities.
UPDATE 01 July 2016: Bohnenkamp AG completed the acquisition of Aftermarket operations in Eastern Europe and Scandinavia, Germany and Benelux fr
Source Links:
Bohnenkamp press release, 18 May 2016
Bohnenkamp press release, 18 May 2016 (German)
STARCO A/S press release, 18 May 2016
Clearwater International press release
STARCO A/S press release, 01 July 2016
Target STARCO A/S (Aftermarket operations in Eastern Europe and Scandinavia, Germany and Benelux)
Description Russia based tyre and wheel solutions provider for range of applications worldwide to manufacturers and aftermarket customers
Sectors Automotive
Industrial products and services
Subsectors Automotive components
Industrial equipment and machinery
Address Russia
Bidder Bohnenkamp AG
Description Germany-based marketer and distributor of agricultural machinery tires, wheels and components
Sectors Agriculture
Automotive
Industrial products and services
Subsectors Automotive components
Crop cultivation
Industrial equipment and machinery
Address Dieselstr. 9–13
Osnabrueck
North Rhine-Westphalia
Germany
Postcode 49076
Telephone +49 0541 12163-0
Fax +49 0541 12163-944
Email info@bohnenkamp-reifen.de
Seller STARCO A/S
Description Denmark-based supplier of tires and wheels and maker of specialist wheel systems
Sectors Automotive
Industrial products and services
Subsectors Automotive components
Industrial equipment and machinery
Address Bizonvej 4
Galten
Denmark
Postcode 8464
Telephone +45 87 54 00 00
Fax +45 87 54 00 10
Email info@starco.com
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. Bohnenkamp press release, 18 May 2016
[Click here]
Total
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Bohnenkamp press release, 18 May 2016
[Click here]
Net Debt - Not available
Enterprise Value - Not available. Bohnenkamp press release, 18 May 2016
[Click here]
Deal Value - Not disclosed. Bohnenkamp press release, 18 May 2016
[Click here]
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Reported
Target Financials
EUR (m)
Year 1 Source
Revenue -
EBITDA -
EBIT -
Earnings -
Earnings Per Share -
Exit Multiples Year 1
Revenue -
EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: STARCO A/S (Aftermarket operations in Eastern Europe and Scandinavia, Germany and Benelux)
Role Company Credit% Individuals Level
Advisors to Bidder: Bohnenkamp AG
Role Company Credit% Individuals Level
Lawyer PwC legal
P
100 Nataliya Azarhin
P
Level2
P
100 Florian Drach
P
Level2
P
100 Christian Dressel
P
Level1
Proper
P
100 Andreas Eckhardt
P
Level1
P
100 Barbara Felsch
P
Level2
Proper
P
100 Moritz Groening
P
Level1
P
100 Hubertus Kleene
P
Level1
P
100 Stephan Koch
P
Level2
P
100 Constanze Mercedes
Merkelbach
P
Level1
P
100 Henning Muehlendiek
P
Level2
P
100 Corinna Neumann
P
Level1
P
100 Henning Rolf
P
Level1
P
100 Stephanie Stimpel
P
Level2
P
100 Berthold Theuffel-Werhahn
P
Level2
P
100 Jens-Peter Wagner
P
Level2
P
100 Anna Wipper
P
Level1
Proper
P
100 Philipp Alexander Ziga
P
Level2
Proper
Accountant PwC
P
100 Michael Azarhin
P
Level1
P
100 Michael Borgmann
P
Level1
P
100 Thomas Detmers
P
Level1
P
100 Ines Heuer
P
Level1
P
100 Juliane Kmetzik
P
Level1
P
100 Sebastian Loeser
P
Level1
P
100 Elke Reichel
P
Level1
P
100 Elena Schreiner
P
Level1
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P
100 Alexander Totzek
P
Level1
P
100 Irina Tuzhanskaya
P
Level1
P
100 Fabian Zwirner
P
Level1
Chief Executive
Ofcer
Bohnenkamp AG
P
100 Christoph Geyer
P
Level1
Chairman Bohnenkamp AG
P
100 Gregor Rueth
P
Level1
Advisors to Seller: STARCO A/S
Role Company Credit% Individuals Level
Financial Advisor Clearwater International
P
100 Klaus Stenild Hansted
P
Level1
P
100 Soren Norbjerg
P
Level1
P
100 Carsten Rydahl Simonsen
P
Level1
Lawyer Kromann Reumert
P
100 Poul Viggo Bartels Petersen
P
Level1
Accountant EY
P
100
Chief Executive
Ofcer
STARCO A/S
P
100 Richard Stephen Todd
P
Level1
Chief Financial
Ofcer
STARCO A/S
P
100 Karsten Petersen
P
Level1
Chairman STARCO A/S
P
100 Carl Evald Bakke-Jacobsen
P
Level1
Deal ID 649156 Announcement date 12/05/2016
Completion date 12/05/2016
Deal Value EUR 14 m
Deal nature Recommended
Deal types Acquisition, Domestic, Private
Target: Tonus Elast SIA
Bidder: Olainfarm AS TS
Olainfarm AS, a Latvia-based company engaged in manufacturing pharmaceutical products, has acquired Tonus Elast SIA, a Latvia-based company engaged
elastic medical products, for a consideration of EUR 14m.
The transaction will enable Tonus Elast in its overall development, in terms of investments as well as manpower, entering new markets and developing new
completion, Tonus Elast SIA will be registered in Latvian Company Register and Dace Mihnenoka, Chairwoman of Board of Tonus Elast Ltd. Will continue t
current position.
In 2015, Tonus reported sales of EUR 7.3m and earned prots of EUR 1.7m and the company have a workforce of 200 employees.
Source Links:
Olainfarm AS press release, 12 May 2016
Olainfarm AS press release, 12 May 2016 (Latvian)
Tonus Elast SIA press release, 12 May 2016
Tonus Elast SIA press release, 12 May 2016 (Latvian)
Tonus Elast SIA press release, 12 May 2016 (Russian)
Target Tonus Elast SIA
Description Latvia-based company engaged in producing elastic medical products
Sectors Medical
Subsectors Medical equipment & services
Address Pilskalni
Nicas pagasts,
Nicas novads
Latvia
Postcode LV-3473
Telephone +371 6 34 31547
Fax +371 63431280
Email info@tonus.lv
Bidder Olainfarm AS TS
Description Latvia-based company engaged in manufacturing pharmaceutical products
Sectors Medical: Pharmaceuticals
Subsectors Drug manufacture
Address 5 Rupnicu street
Olaine
Latvia
Latvia
Postcode LV-2114
Telephone +371 6701 3705
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Fax +371 6701 3777
Email olainfarm@olainfarm.lv
Consideration Structure
Type Value
EUR (m)
Source
Cash 14 Olainfarm AS press release, 12 May 2016
[Click here]
Total 14
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Olainfarm AS press release, 12 May 2016
[Click here]
Net Debt - Not available
Enterprise Value 14 Olainfarm AS press release, 12 May 2016
[Click here]
Deal Value 14 Olainfarm AS press release, 12 May 2016
[Click here]
Reported
Target Financials
EUR (m)
Year Ending
31/12/2015
Source
Revenue 7.3 Olainfarm AS press release, 12 May 2016
[Click here]
EBITDA -
EBIT -
Earnings 1.7 Olainfarm AS press release, 12 May 2016
[Click here]
Earnings Per Share -
Exit Multiples Year Ending
31/12/2015
Revenue 1.9 x
EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Tonus Elast SIA
Role Company Credit% Individuals Lev
Financial Advisor Internal
P
100
Lawyer The Law Ofce of Elizabete Krivcova
P
100
Chairman Tonus Elast SIA
P
100 Dace Mihnenoka
P
Lev
Advisors to Bidder: Olainfarm AS
Role Company Credit% Individuals Lev
Financial Advisor Internal
P
100
Lawyer Advokatrman Glimstedt
P
100 Raivis Leimanis
P
Lev
P
100 Richard Orbidane
P
Lev
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P
100 Karlis Ronis
P
Lev
Chief Executive Ofcer Olainfarm AS
P
100 Valerijs Maligins
P
Lev
Chief Financial Ofcer Olainfarm AS
P
100 Martins Tambak
P
Lev
Chairman Olainfarm AS
P
100 Valerijs Maligins
P
Lev
Deal ID 644873 Announcement date 22/04/2016
Completion date 30/06/2016
Deal Value EUR 5 m
Deal nature Recommended
Deal types Acquisition, Cross border, Private
Target: Paleo SIA
Latfert SIA
Bidder: Linas Agro Group AB TS
Linas Agro Group AB, a listed Lithuania based company engaged in trading, manufacturing and processing of agricultural commodities, through its subsidia
Agro Grudu Centras KUB and Linas Agro SIA,has agreed to acquire Latfert SIA, a Latvia-based company engaged in wholesale and retail of mineral fertilize
protection products and Paleo SIA, a Latvia-based fertilizer warehouse managing company, for a consideration of EUR 4.59m.
As a part of the transaction, UAB Linas Agro Grudu Centras KUB, the Lithuania-based provider of grain processing and storage services will acquire Paleo S
SIA, the Latvia-based company, engaged in wholesale trade of grains and oilseeds, agricultural inputs supply will acquire Latfert SIA. The acquisitions will h
further expand its fertilizers business operations in Baltic region.Post transaction, Latfert SIA will change its workplace to SIA Linas Agro.
The transaction has been approved by Competition Council of the Republic of Latvia. The transaction is expected to close in October 2017. In 2015, Latfer
revenues of EUR 14m.
UPDATE 30 June 2016: Linas Agro Group AB has completed the acquisition of Latfert SIA and Paleo SIA.
Source Links:
Linas Agro Group AB press release, 22 April 2016
Linas Agro Group AB press release, 22 April 2016 (Lithuanian)
Linas Agro Group AB press release, 22 April 2016 (Russian)
Linas Agro Group AB press release, 25 April 2016 (Latvian)
Linas Agro Group AB press release, 25 April 2016 (Polish)
Cobalt press release, 05 May 2016
Linas Agro Group AB annual report
Target Paleo SIA
Description Latvia-based fertilizer warehouse managing company
Sectors Services (other)
Subsectors Other services
Address Latvia
Target Latfert SIA
Description Latvia-based company engaged in wholesale and retail of mineral fertilizers and plant protection products
Sectors Consumer: Foods
Services (other)
Subsectors Agri processing/ cereals
Distributors
Importers and wholesalers
Address Iecavas stacija, Iecavas n
Latvia
Postcode 3913
Telephone +371 63941541
Fax +371 63941955
Email latfert@latfert.lv
Bidder Linas Agro Group AB TS
Description Lithuania based company engaged in trading, manufacturing and processing of agricultural commodities
Related Companies UAB Linas Agro Grudu Centras KUB, Linas Agro SIA
Sectors Agriculture
Chemicals and materials
Consumer: Foods
Services (other)
Subsectors Agri processing/ cereals
Agrochemicals
Crop cultivation
Distributors
Importers and wholesalers
Other services
Address Smelynes Street 2C
Panevezys
Lithuania
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Postcode 35143
Telephone +370 845 507 333
Fax +370 845 507 444
Email group@linasagro.lt
Consideration Structure
Type Value
EUR (m)
Source
Cash 5 Linas Agro Group AB press release, 22 April 2016
[Click here]
Total 5
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Linas Agro Group AB press release, 22 April 2016
[Click here]
Net Debt - Not available
Enterprise Value 4.59 Linas Agro Group AB press release, 22 April 2016
[Click here]
Deal Value 4.59 Linas Agro Group AB press release, 22 April 2016
[Click here]
Reported
Target Financials
EUR (m)
Year Ending
31/12/2015
Source
Revenue 15 Advisor brief
EBITDA -
EBIT -
Earnings -
Earnings Per Share - Not applicable
Exit Multiples Year Ending
31/12/2015
Revenue 0.3 x
EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Paleo SIA
Role Company Credit% Individuals Level
Advisors to Target: Latfert SIA
Role Company Credit% Individuals Level
Advisors to Bidder: Linas Agro Group AB
Role Company Credit% Individuals Level
Lawyer COBALT
P
100 Elina Locmele
P
Level2
P
100 Dace Silava Tomsone
P
Level1
Chief Executive Ofcer Linas Agro Group AB
P
100 Darius Zubas
P
Level1
Chief Financial Ofcer Linas Agro Group AB
P
100 Tomas Tumenas
P
Level1
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Chairman Linas Agro Group AB
P
100 Darius Zubas
P
Level1
Deal ID 642153 Announcement date 12/04/2016
Completion date 12/04/2016
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross border, Privat
Target: Ikea Industry (Latvia sawmill)
Incukalns Timber AS (50% Stake)
Bidder: Rettenmeier Holding Ag
Seller: Ikea Industry Latvia Ltd
Rettenmeier Holding Ag, the Germany-based company engaged in the research, development, processing, manufacture, and marketing of plant bers deriv
raw materials,has acquired Ikea Industry Latvia sawmill, the Latvia-based saw mill and a 50% stake in Incukalns Timber AS, a Latvia-based wood processing
company, from Ikea Industry Latvia Ltd, the Latvia-based company that manufactures wood and products of wood and cork except furniture and articles of
materials for an undisclosed consideration.
Through this acquisition, Rettenmeier Holding Ag would increase it’s total sawing capacity from 2.5m cubic meters to 2.83m cubic meters. Post acquisition
Holding Ag will retain all the employees of Ikea Industry. Ikea Industry Latvia sawmill has a capacity of 0.33m cubic meters annually and has 215 employees
Source Links:
Rettenmeier Holding Ag press release, 12 April 2016 (German)
Mannheimer Swartling press release, 19 April 2016
Target Ikea Industry (Latvia sawmill)
Description Latvia-based saw mill
Sectors Agriculture
Subsectors Forestry
Address Latvia
Target Incukalns Timber AS
Description Latvia-based wood processing and logging company
Sectors Agriculture
Subsectors Forestry
Address Planupes Street 24,
Incukalns
Incukalna pag
Incukalna nov
Latvia
Postcode LV-2141
Telephone +371 67147615
Fax +371 67147605
Email rudzite@incukalnstimber.lv
Bidder Rettenmeier Holding Ag
Description Germany-based company engaged in the research, development, processing, manufacture, and marketing of plant bers derived from
materials
Related Companies Cordes GmbH & Co. KG
Sectors Agriculture
Manufacturing (other)
Subsectors Forestry
Pulp and paper
Address Industriestrasse 1
Wilburgstetten
Bavaria
Germany
Postcode 91634
Telephone +49 (0) 9853 338 0
Fax +49 (0) 9853 338 100
Email email@rettenmeier.com
Seller Ikea Industry Latvia Ltd
Description Latvia-based company that manufactures wood and products of wood and cork except furniture and articles of straw and plaiting ma
Sectors Agriculture
Subsectors Forestry
Address Planupes street 22
Incukalns, Incukalna rural municipality
Incukalna area
Latvia
Postcode LV-2141
Telephone +371 67147600
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Fax +371 67147601
Email sigita.pivina@ikea.com
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. Rettenmeier Holding Ag press release, 12 April 2016 (German)
[Click here]
Total
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Rettenmeier Holding Ag press release, 12 April 2016 (German)
[Click here]
Net Debt - Not available
Enterprise Value - Not available. Rettenmeier Holding Ag press release, 12 April 2016 (German)
[Click here]
Deal Value - Not disclosed. Rettenmeier Holding Ag press release, 12 April 2016 (German)
[Click here]
Reported
Target Financials
EUR (m)
Year 1 Source
Revenue -
EBITDA -
EBIT -
Earnings -
Earnings Per Share -
Exit Multiples Year 1
Revenue -
EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Ikea Industry (Latvia sawmill)
Role Company Credit% Individuals Lev
Advisors to Target: Incukalns Timber AS
Role Company Credit% Individuals Lev
Advisors to Bidder: Rettenmeier Holding Ag
Role Company Credit% Individuals Lev
Chief Executive Ofcer Rettenmeier Holding Ag
P
100 Stephan Lang
P
Leve
Chairman Rettenmeier Holding Ag
P
100 Bernhard Cordes
P
Leve
Advisors to Seller: Ikea Industry Latvia Ltd
Role Company Credit% Individuals Lev
Lawyer Ellex
P
100 Filips Klavins
P
Leve
P
100 Reinis Sokolovs
P
Leve
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Mannheimer Swartling
P
100 Erik Hensfelt
P
Leve
P
100 Lars Kongstad
P
Leve
Chairman Ikea Industry Latvia Ltd
P
100 Emils Akmentins
P
Leve
Deal ID 635705 Announcement date 11/03/2016
Completion date 11/03/2016
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Auction, Domestic, Priva
Target: Latvijas Piens Ltd. (53.66% Stake)
Bidder: Undisclosed bidder
An undisclosed Latvia-based investor has acquired a 53.66% stake in Latvijas Piens Ltd, the Latvia-based company engaged in production of milk products
fromLPPKS Trikata KS, the Latvia-based insolvent dairy cooperative that processes and markets dairy products,for an undisclosed consideration.
Trikata KS declared insolvency in August 2015.Latraps and VAKS hold 19.62% and 5.87% stake respectively, in Latvijas Piens. Latvijas piens recorded a tur
28.33m in 2014.
Target Latvijas Piens Ltd.
Description Latvia-based company engaged in production of milk products in Latvia
Related Companies LPPKS Trikata KS
Sectors Consumer: Foods
Subsectors Dairy products
Address Langervaldes iela 7
Jelgava
Latvia
Postcode 3002
Telephone +371 6301 3988
Fax +371 6301 3996
Email info@lvpiens.lv
Bidder Undisclosed bidder
Description Undisclosed company
Sectors All Subsectors All
Address Not available
Finland
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. Dienas Bizness, 11 March 2016
Total
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Dienas Bizness, 11 March 2016
Net Debt - Not available
Enterprise Value - Not available. Dienas Bizness, 11 March 2016
Deal Value - Not disclosed. Dienas Bizness, 11 March 2016
Reported
Target Financials
EUR (m)
Year Ending
31/12/2015
Source Year Ending
31/12/2014
Source
Revenue 11.8 The Baltic Course, 20 December 2016 28.33 Baltic course, 2
[Click here]
EBITDA - -
EBIT - -
Earnings - -
Earnings Per Share EUR .03 The Baltic Course, 20 December 2016 -
Exit Multiples Year Ending
31/12/2015
Year Ending
31/12/2014
Revenue - -
EBITDA - -
EBIT - -
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Earnings - -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Latvijas Piens Ltd.
Role Company Credit% Individuals Level
Advisors to Bidder: Undisclosed bidder
Role Company Credit% Individuals Level
Deal ID 744123 Announcement date 02/03/2016
Completion date 18/01/2016
Deal Value EUR 18 m
Deal nature Recommended
Deal types Acquisition, Cross border, Private, Transatlan
Target: Elco Group B.V. (45% Stake)
Bidder: Regal Beloit Corporation TS
Regal Beloit Corporation, the listed US-based global manufacturer of electric motors and controls, electric generators and controls, and mechanical motio
has acquired a 45% stake inElco Group B.V., the Latvia-based manufacturer and seller of motors, fans and blowers,for a consideration of USD 19.6m.
The implied equity value of the transaction amounts to USD 43.56m. Elco is now operating as a subsidiary of Regal Beloit in its climate solutions segment.
Regal Beloit has acquired a 55% stake in Elco Group in 01 November 2010, for a consideration of USD 26.9m.
Source Link:
Regal Beloit Corporation 10-K form led with SEC on 02 March 2016
Regal Beloit Corporation 10-Q form led with SEC on 12 May 2016
Target Elco Group B.V.
Description Latvia-based manufacturer and seller of motors, fans and blowers
Sectors Industrial products and services
Subsectors Industrial equipment and machinery
Address Latvia
Bidder Regal Beloit Corporation TS
Description US-based global manufacturer of electric motors and controls, electric generators and controls, and mechanical motion control products
Sectors Industrial automation
Industrial products and services
Subsectors Industrial equipment and machinery
Process control equipment
Address 200 State Street
Beloit
Wisconsin (WI)
USA
Postcode 53511
Telephone +1 608 364 8800
Fax +1 608 364 8816
Email investor@regalbeloit.com
Consideration Structure
Type Value
EUR (m)
Source
Cash 18 Assumed cash. Regal Beloit Corporation 10-Q form led with SEC on 12 May 2016
[Click here]
Total 18
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Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - USD 43.56m. Regal Beloit Corporation 10-Q form led with SEC on 12 May 2016
[Click here]
Net Debt - Not available
Enterprise Value - Not available. Regal Beloit Corporation 10-Q form led with SEC on 12 May 2016
[Click here]
Deal Value 18.03 Regal Beloit Corporation 10-Q form led with SEC on 12 May 2016
[Click here]
Reported
Target Financials
EUR (m)
Year 1 Source
Revenue -
EBITDA -
EBIT -
Earnings -
Earnings Per Share -
Exit Multiples Year 1
Revenue -
EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Elco Group B.V.
Role Company Credit% Individuals
Advisors to Bidder: Regal Beloit Corporation
Role Company Credit% Individuals
Chief Executive Ofcer Regal Beloit Corporation
P
100 Mark J Gliebe
Chief Financial Ofcer Regal Beloit Corporation
P
100 Charles A Hinrichs
Chairman Regal Beloit Corporation
P
100 Mark J Gliebe
Deal ID 627679 Announcement date 05/02/2016
Completion date 01/04/2016
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross bo
Target: Lukoil OAO (230 fuel stations in Poland, Lithuania and Latvia)
Bidder: Viada LT UAB
AMIC Energy Management GmbH
Viada Baltija AS
Seller: Lukoil OAO TS
AMIC Energy Management GmbH, the Austria-based investment rm focused on the energy sector, Viada Baltija AS, the Latvia-based company engaged i
retail stores, and Luktarna UAB, the Lithuania-based company engaged in retailing and wholesale of fuel, have agreed to acquire 230 fuel stations of Lukoi
based oil and gas exploration and production company, for an undisclosed consideration.
The acquisition will be funded through equity and debt nancing. The acquired fuel stations are located in Poland, Lithuania and Latvia. The acquisition wil
retail business in Central and Eastern Europe. The partnership within AMIC, Viada and Luktarna will create competitive platform in Baltic fuel market.
AMIC, Viada and Luktarna will assume the operations of Poland, Latvia and Lithuania based fuel stations respectively. The fuel stations in Latvia and Lithua
operate under Lukoil’s name for the period of 5 years. AMIC will potentially rebrand Poland-based stations as AMIC Energy. The deal is subject to approva
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authorities of relevant countries and is expected to close in second quarter of 2016.
UPDATE 01 April 2016: The transaction has been completed after receiving approval from competant authorities of relevant countries.
Source Links:
Lukoil OAO press release, 05 February 2016
Lukoil OAO press release, 05 February 2016 (Russian)
Lukoil OAO stock exchange announcement, 05 February 2016
Target Lukoil OAO (230 fuel stations in Poland, Lithuania and Latvia)
Description Poland, Lithuani and Latvia-based 230 retail fuel stations of Lukoil
Sectors Consumer: Retail
Subsectors Other retailing of consumer products and services
Address Poland
Bidder Viada LT UAB
Description Lithuania-based company engaged in retailing and wholesale of fuel
Sectors Consumer: Retail
Services (other)
Subsectors Importers and wholesalers
Other retailing of consumer products and services
Address Senasis Ukmerges kelias 4
Uzubaliu k.
Lithuania
Postcode 14302
Telephone +370 (5) 219 00 05
Bidder AMIC Energy Management GmbH
Description Austria-based investment rm focused on the energy sector
Sectors Energy
Subsectors Oil and gas exploration and production
Address Schubertring 14 Top 2.2
Vienna
Vienna
Austria
Postcode 1010
Telephone +43 1 (0) 2530 205110
Fax +43 1 (0) 2530 205102
Email ofce@amicenergy.com
Bidder Viada Baltija AS
Description Latvia-based company engaged in operating fuel retail storechain
Sectors Consumer: Retail
Subsectors Other retailing of consumer products and services
Address Bauskas iela 58A 508
Riga
Latvia
Postcode LV 1004
Telephone +371 67475500
Fax +371 67475530
Email info@viadabaltija.lv
Seller Lukoil OAO TS
Description Russia-based oil and gas exploration and production company
Sectors Chemicals and materials
Energy
Services (other)
Subsectors Oil and gas exploration and production
Petrochemicals- derivatives
Petrochemicals- base
Address Sretensky Boulevard 11
Moscow
Moscow City
Russia
Postcode 101000
Telephone +7 495 627 4444
Fax +7 495 625 7016
Email ir@lukoil.com
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Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. Lukoil OAO stock exchange announcement, 05 February 2016
[Click here]
Total
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Lukoil OAO stock exchange announcement, 05 February 2016
[Click here]
Net Debt - Not available
Enterprise Value - Not available. Lukoil OAO stock exchange announcement, 05 February 2016
[Click here]
Deal Value - Not disclosed. Lukoil OAO stock exchange announcement, 05 February 2016
[Click here]
Reported
Target Financials
EUR (m)
Year 1 Source
Revenue -
EBITDA -
EBIT -
Earnings -
Earnings Per Share -
Exit Multiples Year 1
Revenue -
EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Lukoil OAO (230 fuel stations in Poland, Lithuania and Latvia)
Role Company Credit% Individuals L
Advisors to Bidder: Viada LT UAB
Role Company Credit% Individuals L
Advisors to Bidder: AMIC Energy Management GmbH
Role Company Credit% Individuals L
Lawyer COBALT
P
100 Irmantas Norkus
P
L
P
100 Maksimas Saveljevas
P
L
Wolf Theiss Rechtsanwaelte GmbH
P
100
Chief Executive Ofcer AMIC Energy Management GmbH
P
100 Gunter Maier
P
L
Chairman AMIC Energy Management GmbH
P
100 Wolfgang Ruttenstorfer
P
L
Advisors to Bidder: Viada Baltija AS
Role Company Credit% Individuals L
Advisors to Seller: Lukoil OAO
Role Company Credit% Individuals L
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Chairman Lukoil OAO
P
100 Valery Isaakovich Grayfer
P
L
Deal ID 630498 Announcement date 29/01/2016
Completion date 26/01/2016
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross border, Private
Target: Latina SIA
Bidder: BPW Kraatz Oy
BPW Kraatz Oy, a Finland-based manufacturer of automotive components, and a subsidiary of BPW Bergische Achsen Kommanditgesellschaft, a Germany
engaged in manufacturing axles and running gear systems for trailers and semi trailers, has acquired Latina SIA, the Latvia-based commercial vehicles serv
and repair company, for an undisclosed consideration.
Source Links:
Latina SIA press release, 29 January 2016
Latina SIA press release, 29 January 2016 (Latvian)
Latina SIA press release, 29 January 2016 (German)
Latina SIA press release, 29 January 2016 (Russian)
Target Latina SIA
Description Latvia-based commercial vehicles service, maintenance and repair company
Sectors Automotive
Services (other)
Subsectors Automotive components
Other services
Address Kurzemes prospekts 23
Riga
Latvia
Postcode LV-1067
Telephone +371 67 407 342
Fax +371 67 440 557
Email latina@latina.lv
Bidder BPW Kraatz Oy
Description Finland-based manufacturer of automotive components
Related Companies BPW Bergische Achsen Kommanditgesellschaft
Sectors Automotive
Subsectors Automotive components
Address Ruukinmestarintie 9
Espoo
Oulu
Finland
Postcode 02330
Telephone +358 020 7936 700
Fax +358 020 7936 799
Email info@kraatz.
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. Latina SIA press release, 29 January 2016
[Click here]
Total
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Latina SIA press release, 29 January 2016
[Click here]
Net Debt - Not available. Latina SIA press release, 29 January 2016
Enterprise Value - Not available. Latina SIA press release, 29 January 2016
[Click here]
Deal Value - Not disclosed. Latina SIA press release, 29 January 2016
[Click here]
Reported
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Target Financials
EUR (m)
Year 1 Source
Revenue -
EBITDA -
EBIT -
Earnings -
Earnings Per Share -
Exit Multiples Year 1
Revenue -
EBITDA -
EBIT -
Earnings -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: Latina SIA
Role Company Credit% Individuals
Financial Advisor Eventus Corporate Finance
P
100
Advisors to Bidder: BPW Kraatz Oy
Role Company Credit% Individuals
Deal ID 627800 Announcement date 28/01/2016
Completion date 28/01/2016
Pre-rumour date 18/08/2015
Deal Value EUR 114 m
Deal nature Recommended
Deal types Acquisition, Cross border, Priv
Target: JSC Latvijas Gaze (28.97% Stake) TS
Bidder: Marguerite Fund
Seller: Uniper SE TS
Marguerite Fund acquired a 28.97% stake in JSC Latvijas Gaze from Uniper Ruhrgas International GmbH.
Marguerite Fund isa Luxembourg-based infrastructure investment fund managed by Marguerite Adviser S.A., headquartered in Luxembourg.
JSC Latvijas Gaze is a listed Latvia-based company engaged in energy supply sector, headquartered in Riga.
Uniper Ruhrgas International GmbH is a Germany-based company engaged in the restructuring, integration and development of energy companies with m
downstream business activities.
Terms:
Marguerite Fund will acquire 11,560,645 shares, representing 28.97% stake,of Latvijas Gaze valued at a closing share price of EUR 9.86 per share on 27
thereby valuing the transaction at EUR 113.99m.
The implied equity value of the transaction is EUR 393.41m.
Post Deal Details:
Uniper Ruhrgas will hold 18.26% stake in Latvijas Gaze.
Marguerite Fund will become the second largest shareholder in Latvijas Gaze.
Background:
Uniper Ruhrgas has been a shareholder of Latvijas Gaze since 02 April 1997.
Prior to transaction, Gazprom PJSC, Itera Latvija SIA and Uniper Ruhrgas held 34%, 16% and 47.2% stake respectively in Latvijas Gaze.
Source Links:
Marguerite Fund press release, 28 January 2016
JSC Latvijas Gaze annual reoprt 2014
Income Statement
Balance Sheet
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Target JSC Latvijas Gaze TS
Description Latvia-based company engaged in transmission, distribution, storage, and supply of natural gas
Sectors Energy
Services (other)
Utilities (other)
Subsectors Distributors
Integrated utilities
Address Vagonu Street 20
Riga
Latvia
Postcode 1009
Telephone +371 7375414
Fax +371 7821406
Email IR@lg.lv
Bidder Marguerite Fund
Description Luxembourg-based infrastructure investment fund managed by Marguerite Adviser S.A.
Related Companies Caisse des Depots et Consignations, KfW Bankengruppe, PKO BP SA, European Investment Bank , Cassa depositi e Prestiti S.p.A., IC
Adviser S.A.
Sectors Energy
Financial Services
Subsectors Alternative energy
Fund management
Address 41 Boulevard du Prince Henri
Luxembourg
Luxembourg
Postcode 1724
Telephone +352 26 8653 20
Fax +352 26 8653 55
Seller Uniper SE TS
Description Germany-based company engaged in the conventional power generation and energy trading businesses
Related Companies E.ON SE
Sectors Energy
Utilities (other)
Subsectors Integrated utilities
Oil and gas exploration and production
Address E.ON-Platz 1
Dusseldorf
North Rhine-Westphalia
Germany
Postcode 40479
Telephone +49 211 73275 0
Email info@uniper.energy
Consideration Structure
Type Value
EUR
(m)
Source
Cash 114 Based on 11,560,645 shares of JSC Latvijas Gaze acquired valued at closing price of EUR 9.86 per share as on 27 January 2016. Marguerite
28 January 2016. JSC Latvijas Gaze stock exchange announcement, 28 January 2016. NASDAQ OMX Riga
[Click here]
Total 114
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value 393.41 Based on 39,900,000 shares of JSC Latvijas Gaze outstanding valued at a closing price of EUR 9.86 per s
January 2016. Marguerite Fund press release, 28 January 2016. NASDAQ OMX Riga
[Click here]
Net Debt -18.82 Unaudited. As of 30 September 2015. JSC Latvijas Gaze interim report
[Click here]
Enterprise Value 374.59 Marguerite Fund press release, 28 January 2016
[Click here]
Deal Value 113.99 Based on 11,560,645 shares of JSC Latvijas Gaze acquired valued at a closing price of EUR 9.86 per shar
2016. Marguerite Fund press release, 28 January 2016. JSC Latvijas Gaze stock exchange announcemen
2016. NASDAQ OMX Riga
[Click here]
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Reported
Target Financials
EUR (m)
Year Ending
31/12/2015
Source Year Ending
31/12/2014
Source
Revenue 444.69 JSC Latvijas Gaze annual report
[Click here]
503.08 JSC Latvijas Gaze ann
[Click here]
EBITDA 68.46 JSC Latvijas Gaze annual report
[Click here]
68.99 JSC Latvijas Gaze ann
[Click here]
EBIT 34.7 JSC Latvijas Gaze annual report
[Click here]
35.14 JSC Latvijas Gaze ann
[Click here]
Earnings 30.52 JSC Latvijas Gaze annual report
[Click here]
30.07 JSC Latvijas Gaze ann
[Click here]
Earnings Per Share EUR .77 JSC Latvijas Gaze annual report
[Click here]
EUR .75 JSC Latvijas Gaze ann
[Click here]
Exit Multiples Year Ending
31/12/2015
Year Ending
31/12/2014
Revenue 0.8 x 0.7 x
EBITDA 5.5 x 5.4 x
EBIT 10.8 x 10.7 x
Earnings 12.9 x 13.1 x
Share price details
Date Value EUR % Premia Source
Offer Price Per Share 9.86 GZE1R closing share price on 27 January 2016. NASDAQ OMX Riga
Pre-rumour Price 9.29 6.14% GZE1R closing share price on 17 August 2015. NASDAQ OMX Riga
Share price 1 day before - - Not applicable
Share price 1 month before 9.7 1.65% GZE1R closing share price on 28 December 2015. NASDAQ OMX Riga
Share price 1 day after 9.82 0.41% GZE1R closing share price on 29 January 2016. NASDAQ OMX Riga
Share price 1 month after 9.81 0.51% GZE1R closing share price on 29 February 2016. NASDAQ OMX Riga
Advisors
Advisors to Target: JSC Latvijas Gaze
Role Company Credit% Individuals Level
Chairman JSC Latvijas Gaze
P
100 Aigars Kalvitis
P
Level1
Advisors to Bidder: Marguerite Fund
Role Company Credit% Individuals Level
Financial Advisor Danske Bank Corporate Finance
P
100 Pekko Haaksluoto
P
Level3
P
100 Pekka Hiltunen
P
Level1
P
100 Ville Poukka
P
Level1
P
100 Paavo Taimisto
P
Level2
Lawyer COBALT
P
100 Girts Lejins
P
Level1
P
100 Toms Sulmanis
P
Level2
P
100 Martins Tarlaps
P
Level2
P
100 Guntars Zile
P
Level1
Norton Rose Fulbright LLP
P
100 Julia Belcher
P
Level2
P
100 Vanessa Brierley
P
Level2
P
100 Christian Filippitsch
P
Level1
P
100 Tomas Vilhelm Gardfors
P
Level1
P
100 Glenn Anthony Hall
P
Level1
P
100 Vic Kandampully
P
Level2
P
100 Deborah Schavey Ruff
P
Level1
P
100 Max L. Seuster
P
Level2
P
100 Dominic Stuttaford
P
Level1
Accountant EY
P
100 Pauls Traubergs
P
Level4
In house lawyer Marguerite Fund
P
100 Adrian Pawelec
P
Level1
Chief Executive Ofcer Marguerite Fund
P
100 Nicolas Merigo
P
Level1
Chief Financial Ofcer Marguerite Fund
P
100 David Harrison
P
Level1
Advisors to Seller: Uniper SE
Role Company Credit% Individuals Level
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Financial Advisor Swedbank
P
100 Raimonds Kruza
P
Level1
P
100 Eirik Lilledahl
P
Level1
P
100 Jarand Lonne
P
Level3
Lawyer Ellex
P
100 Ilga Gudrenika -Krebs
P
Level1
P
100 Raimonds Slaidins
P
Level1
P
100 Ivars Slokenbergs
P
Level2
P
100 Reinis Sokolovs
P
Level2
Deal ID 618688 Announcement date 24/12/2015
Completion date 16/02/2016
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross border, Exit, IBO, Private, Tran
Target: UAB Bite Lietuva
Bidder: Providence Equity Partners L.L.C.
Seller: Mid Europa Partners LLP
Providence Equity Partners LLC, the US-based private equity rm, has agreed to acquire Bite Finance International B.V., the Lithuania-based company whi
subsidiaries, provides mobile telecommunication and mobile Internet services, from Mid Europa Partners LLP, the UK-based private equity rm, for an und
consideration.
Bite Group controls a leading mobile operator in the Baltic countries that is focused on meeting growing demand for a high quality network experience and
excellent customer service. The transaction is subject to certain closing conditions and is expected to complete in rst quarter of 2016.
In 2007, Mid Europa Partnershadacquired Bite Groupfrom TDC A/S, for a cash consideration of EUR 450m. Bite reported revenues of EUR 166.424m an
2014 and 2013 respectively.
UPDATE 16 February 2016: The transaction has been completed today.
Source Links:
Bite Finance International B.V. press release, 24 December 2015
Mid Europa Partners LLP press release, 24 December 2015
SORAINEN press release, 24 December 2015
Mid Europa Partners LLP press release,16February 2016
Target UAB Bite Lietuva
Description Lithuania-based company which through its subsidiaries, provides mobile telecommunication and mobile Internet services
Sectors Telecommunications: Carriers
Subsectors Mobile/satellite telecoms carriers
Address Žemaitės g. 15
Vilnius
Lithuania
Postcode LT-03504
Telephone +370 656 00656
Fax +370 699 00111
Email bendraukime@bite.lt
Bidder Providence Equity Partners L.L.C.
Description US-based private equity rm specializing in equity investments in communications, entertainment, media, and information companie
investing between USD 250m and USD 750m in its portfolio companies. The rm has USD 54bn in assets under management across
private equity and credit businesses. As at September 2017 the rm has raised 7 buyout funds along with 2 lower-middle market gro
managed under the Providence Strategic Growth Capital Investors LLC name. Providence Equity Partners VII fund commenced fund
2011, with target size of USD 8bn, which was dropped to USD 6bn and later to USD 5bn, due to blowback from Limited Partners. The
USD 5bn at the end of 2013. Providence Strategic Growth Capital II L.P. held nal close in December 2016 at USD 640m. The rm w
by Jonathan Nelson, Glenn Creamer and Paul Salem. Mr Nelson and Mr Creamer had previously worked together at Narragansett C
Salem joined the company from Morgan Stanley.
Sectors Financial Services
Subsectors Venture Capital/Private Equity
Address 50 Kennedy Plaza
18th Floor
Providence
Rhode Island (RI)
USA
Postcode 02903
Telephone +1 401 751 1700
Fax +1 401 751 1790
Email info@provequity.com
Seller Mid Europa Partners LLP
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Description UK-based private equity rm that makes investments of EUR 75m and EUR 200m in companies with an enterprise value of EUR 100
acquires controlling stakes and also considers smaller investments as part of a buy and build strategy and usually invests in the grow
Central and Eastern Europe and Turkey. The rm has a holding period of 3 to 6 years, and invests in sectors including healthcare, reta
leisure and telecommunications. It has EUR 4.6bn of funds raised and managed since inception. The latest fund is Mid Europa Fund IV
close in August 2014 at EUR 800m. Established in 1999 and is based in London, United Kingdom with additional ofces in Istanbul, T
Hungary and Warsaw, Poland.
Related Companies Ardian, Emerging Europe Convergence Fund II LP
Sectors Financial Services
Subsectors Venture Capital/Private Equity
Address South West House
11a Regent Street
London
Greater London
United Kingdom
Postcode SW1Y 4LR
Telephone +44 20 7886 3600
Fax +44 20 7886 3639
Email info@mideuropa.com
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. Mid Europa Partners LLP press release, 24 December 2015
[Click here]
Total
Sources of funding
Role Company Individuals Value
EUR
(m)
Stake (%) Source / Notes
Role Company Individuals Value
EUR
(m)
Stake (%) Source / Notes
Private Equity
House
Providence Equity Partners L.L.C. Robert
Sudo
Karim
Tabet
n/a 100 Amount contributed not disclosed. Mid Europa Partners LLP p
December 2015
Total Funded by Equity n/a
Debt Provider
(Senior)
Credit Agricole n/a n/a n/d Terms and amount contributed not disclosed. Advisor brief
ING Bank NV n/a n/a n/d Terms and amount contributed not disclosed. Advisor brief
UniCredit Group n/a n/a n/d Terms and amount contributed not disclosed. Advisor brief
Raiffeisen Zentralbank
Oesterreich AG
n/a n/a n/d Terms and amount contributed not disclosed. Advisor brief
Nordea n/a n/a n/d Terms and amount contributed not disclosed. Advisor brief
BNP Paribas SA n/a n/a n/d Terms and amount contributed not disclosed. Advisor brief
Total Funded by Senior Debt n/a
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. Mid Europa Partners LLP press release, 24 December 2015
[Click here]
Net Debt - Not available
Enterprise Value - Not available. Mid Europa Partners LLP press release, 24 December 2015
[Click here]
Deal Value - Not disclosed. Mid Europa Partners LLP press release, 24 December 2015
[Click here]
Reported
Target Financials
EUR (m)
Year Ending
31/12/2014
Source Year Ending
31/12/2013
Source
Revenue 166.42 Bite Finance International B.V. annual report
[Click here]
172.27 Bite Finance International B.V.
[Click here]
EBITDA 45.66 Bite Finance International B.V. annual report
[Click here]
46.13 Bite Finance International B.V.
[Click here]
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EBIT 21.5 Bite Finance International B.V. annual report
[Click here]
14.12 Bite Finance International B.V.
[Click here]
Earnings 2.59 Bite Finance International B.V. annual report
[Click here]
-9.22 Bite Finance International B.V.
[Click here]
Earnings Per Share - Not applicable - Not applicable
Exit Multiples Year Ending
31/12/2014
Year Ending
31/12/2013
Revenue - -
EBITDA - -
EBIT - -
Earnings - -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: UAB Bite Lietuva
Role Company Credit% Individuals
Lawyer Jones Day
P
100 Raymond John McKeeve
P
P
100 Michael Weir
P
PR Citigate Dewe Rogerson
P
100
Chief Executive Ofcer UAB Bite Lietuva
P
100 Frederick William Hrenchuk
P
Chief Financial Ofcer UAB Bite Lietuva
P
100 Nikita Sergienko
P
Chairman UAB Bite Lietuva
P
100 Frederick William Hrenchuk
P
Advisors to Bidder: Providence Equity Partners L.L.C.
Role Company Credit% Individuals
Financial Advisor DC Advisory
P
100 Daniel Anderson
P
P
100 Naveen Bhojwani
P
P
100 Ciara O'Neill
P
EY
P
100
Lazard
P
100
Lawyer Allen & Overy LLP
(Advising: BNP Paribas SA, Raiffeisen Zentralbank Oesterreich AG,
Nordea , Credit Agricole , ING Bank NV, UniCredit Group)
P
100 Preethi Correa
P
(Advising: BNP Paribas SA, Raiffeisen Zentralbank Oesterreich AG,
Nordea , Credit Agricole , ING Bank NV, UniCredit Group)
P
100 Kevin Muzilla
P
(Advising: BNP Paribas SA, Raiffeisen Zentralbank Oesterreich AG,
Nordea , Credit Agricole , ING Bank NV, UniCredit Group)
P
100 Timothy Polglase
P
(Advising: BNP Paribas SA, Raiffeisen Zentralbank Oesterreich AG,
Nordea , Credit Agricole , ING Bank NV, UniCredit Group)
P
100 Beasley Rory
P
(Advising: BNP Paribas SA, Raiffeisen Zentralbank Oesterreich AG,
Nordea , Credit Agricole , ING Bank NV, UniCredit Group)
P
100 Henri Wagner
P
(Advising: BNP Paribas SA, Raiffeisen Zentralbank Oesterreich AG,
Nordea , Credit Agricole , ING Bank NV, UniCredit Group)
P
100 Vanessa Xu
P
(Advising: BNP Paribas SA, Raiffeisen Zentralbank Oesterreich AG,
Nordea , Credit Agricole , ING Bank NV, UniCredit Group)
P
100 Leon Zebeda
P
Latham & Watkins LLP
(Advising: BNP Paribas SA)
P
100 Ross Pooley
P
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SORAINEN
P
100 Ieva Andersone
P
P
100 Janis Bite
P
P
100 Stasys Drazdauskas
P
P
100 Jorens Jaunozols
P
P
100 Jurgita Karvele
P
P
100 Jonas Kiauleikis
P
P
100 Valts Nerets
P
P
100 Algirdas Peksys
P
P
100 Natalija Sestakova
P
P
100 Laimonas Skibarka
P
Stibbe
P
100 Marc Habermehl
P
P
100 Michael Molenaars
P
Weil Gotshal & Manges LLP
P
100 Marco Compagnoni
P
P
100 Thea Crawshaw
P
P
100 Richard Matthew Draper
P
P
100 Neil Rigby
P
P
100 Simon Saitowitz
P
P
100 Oliver Walker
P
Private Equity House Providence Equity Partners L.L.C. P PEP 100 Robert Sudo
P
P PEP 100 Karim Tabet
P
Debt Provider (Senior) BNP Paribas SA
P
100
Credit Agricole
P
100
ING Bank NV
P
100
Nordea
P
100
Raiffeisen Zentralbank Oesterreich AG
P
100
UniCredit Group
P
100
In house lawyer Providence Equity Partners L.L.C.
P
100 Roman A Bejger
P
Chief Executive Ofcer Providence Equity Partners L.L.C.
P
100 Jonathan Milton Nelson
P
Chief Financial Ofcer Providence Equity Partners L.L.C.
P
100 Bryan Martoken
P
Advisors to Seller: Mid Europa Partners LLP
Role Company Credit% Individuals
Financial Advisor Goldman Sachs & Co. LLC
P
100
Lawyer COBALT
P
100 Elijus Burgis
P
P
100 Sandija Novicka
P
P
100 Eva Suduiko
P
P
100 Toms Sulmanis
P
P
100 Guntars Zile
P
Freshelds Bruckhaus Deringer LLP
P
100
Accountant PwC
P
100 Vadimas Kosiakovas
P
P
100 Marcin Kuprel
P
P
100 Ewa Milewska
P
P
100 Raul Ruubel
P
P
100 Michael Wilder
P
Private Equity House Mid Europa Partners LLP P PEP 100 Michelle Capiod
P
P PEP 100 Robert Chmelar
P
P PEP 100 Ratko Jovic
P
P PEP 100 Gyozo Lantos
P
P PEP 100 Pawel Padusinski
P
P PEP 100 Matthew Strassberg
P
P PEP 100 Kerim Turkmen
P
Deal ID 617625 Announcement date 18/12/2015
Completion date 31/12/2015
Deal Value Not Available
Deal nature Recommended
Deal types Acquisition, Cross
Target: BTA Baltic Insurance Company AAS (Undisclosed Majority Stake)
Bidder: Vienna Insurance Group AG TS
Seller: BTA Insurance Company SE
The Vienna Insurance Group AG, the listed Austria-based insurance company, has agreed to acquire a majority stake in BTA Baltic Insurance Company AAS
insurance company, from BTA Insurance Company SE, the Latvia-based insurance company, for an undisclosed consideration.
BTA Baltic reported gross premium of approximately EUR 117m and PBT of EUR 10.6m for the year 2014. BTA Baltic was established in 2014 as a result o
BTA Insurance Company SE, by splitting the company according to the geographic boundaries of business: the Baltic States and the rest of Europe. It emplo
transaction is subject to regulatory approval.
UPDATE 31 December 2015: Vienna Insurance has completed the acquisition of BTA Baltic during end of the year
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Source Link:
The Vienna Insurance Group AG press release, 18 December 2015
BTA Baltic Insurance Company AAS press release, 18 December 2015
BTA Baltic Insurance Company AAS press release, 18 December 2015 (Lativan)
BTA Baltic Insurance Company AAS press release, 18 December 2015 (Russian)
Target BTA Baltic Insurance Company AAS
Description Latvia-based insurance company
Sectors Financial Services
Subsectors Insurance related
Address Krisjana Valdemara Iela 63
Riga
Latvia
Postcode 1010
Telephone +371 6702 5100
Fax +371 6702 5190
Email bta@bta.lv
Bidder Vienna Insurance Group AG TS
Description Austria-based insurance company
Sectors Financial Services
Subsectors Insurance related
Address Schottenring 30
Vienna
Vienna
Austria
Postcode 1010
Telephone +43 (0) 50 390 22000
Fax +43 (0) 50 390 99 22000
Email info@vig.com
Seller BTA Insurance Company SE
Description Latvia-based insurance company
Sectors Financial Services
Subsectors Insurance related
Address Virsuliskiu skg. 34
Vilnius
Latvia
Postcode 05132
Telephone +370 5 2600 600
Fax +370 5 2102 666
Consideration Structure
Type Value
EUR (m)
Source
Cash - Not disclosed. The Vienna Insurance Group AG press release, 18 December 2015
[Click here]
Total
Financials
Deal Financials Value
EUR (m)
Source
Implied Equity Value - Not available. The Vienna Insurance Group AG press release, 18 December 2015
[Click here]
Net Debt - Not applicable
Enterprise Value - Not available. The Vienna Insurance Group AG press release, 18 December 2015
[Click here]
Deal Value - Not disclosed. The Vienna Insurance Group AG press release, 18 December 2015
[Click here]
Reported
Target Financials
Year 1 Source
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EUR (m)
Revenue -
EBITDA -
EBIT -
Earnings -
Earnings Per Share -
Book Value
Exit Multiples Year 1
Revenue -
EBITDA -
EBIT -
Earnings -
Book Value -
Share price details
Date Value EUR % Premia Source
Offer Price Per Share - Not applicable
Pre-rumour Price - Not applicable
Share price 1 day before - Not applicable
Share price 1 month before - Not applicable
Share price 1 day after - Not applicable
Share price 1 month after - Not applicable
Advisors
Advisors to Target: BTA Baltic Insurance Company AAS
Role Company Credit% Individuals Lev
Chairman BTA Baltic Insurance Company AAS
P
100 Janis Lucaus
P
Lev
Advisors to Bidder: Vienna Insurance Group AG
Role Company Credit% Individuals Lev
Lawyer Advokatrman Glimstedt
P
100 Peteris Dalderis
P
Lev
P
100 Andrius Ivanauskas
P
Lev
P
100 Leho Pihkva
P
Lev
Chief Executive Ofcer Vienna Insurance Group AG
P
100 Peter Hagen
P
Lev
Chief Financial Ofcer Vienna Insurance Group AG
P
100 Martin Simhandl
P
Lev
Chairman Vienna Insurance Group AG
P
100 Peter Hagen
P
Lev
Advisors to Seller: BTA Insurance Company SE
Role Company Credit% Individuals Lev
Financial Advisor KPMG
P
100
Lawyer VILGERTS
P
100
